Question
Parents wish to have $90,000 available for a child's education. If the child is now 6 years old, how much money must be set
Parents wish to have $90,000 available for a child's education. If the child is now 6 years old, how much money must be set aside at 4% compounded semiannually to meet their financial goal when the child is 18? The amount that should be set aside is $ (Round up to the nearest dollar.)
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
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