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Karen and Ricardo plan to send their son to university. To pay for this they will contribute 9 equal yearly payments to an account beanng
Karen and Ricardo plan to send their son to university. To pay for this they will contribute 9 equal yearly payments to an account beanng interest at the APR of 6.2%, compounded annually. Six year a the last tribution, they will begin the first of five, yearly, withdrawals of S59,500 to pay the university's bills. How large must their yearly contributions be? Answer $ Round to the nearest cent/penny.) Points possible: 3 This is attempt 1 of 3. Post this question to forum Submit 5 3 MacBook Pro
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