Question
Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200000 in eighteen years. If they are
Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200000 in eighteen years. If they are able to earn 6% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?
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Your answer is correct. Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200000 in eighteen years. If they are able to earn 6% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education? Click here to view factor tables $5924 $6470 $11110 $6105Step by Step Solution
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
19th Edition
1292255994, 9781292255996
