Question
Kate tries to save for her daughters college education fund. She started to invest $300 each month ever since her daughter was born. Suppose she
Kate tries to save for her daughters college education fund. She started to invest $300 each month ever since her daughter was born. Suppose she continues the investment till her daughter is 18 years old. If she can earn the monthly return of 1%, how much will her daughter have in her college education account when she is 18-year-old?
| 214,872.13 | ||
| 205,816.77 | ||
| 227,358.19 | ||
| 232,843.81 |
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
