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Mr . Diaz is creating a college fund for his daughter. He plans to make 4 - yearly payments of $ 7 , 0 0
Mr Diaz is creating a college fund for his daughter. He plans to make yearly payments of $ each with the first payment deposited today on his daughters th birthday happy birthday! Assuming his daughter will need four equal withdrawals from this account to pay for her education beginning when she is eighteen ie how much will she have on a yearly basis for her university career? Mr Diaz expects to earn a constant annual return for the time interval of this problem.
Please show work and steps to solve this problem, including formulas.
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