Question
Mr and Mrs Tran are expecting a baby girl in a few days. They want to put away money for her college education now. How
Mr and Mrs Tran are expecting a baby girl in a few days. They want to put away money for her college education now. How much money should they deposit at the end of each quarter in an account paying 6.0% compounded quarterly so they have $100,000 in 18 years to pay for their daughter's educational expenses?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
