Question
Sarah plans to start college in 22 years and would like to have $270,241 saved when she begins. She plans to make equal incremental savings
Sarah plans to start college in 22 years and would like to have $270,241 saved when she begins. She plans to make equal incremental savings deposits at the beginning of each semiannual period for 22 years starting today. How much must she save each semiannual period to reach her goal if the interest rate is currently 11.42% per year?
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
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Financial Sustainability In Public Administration Exploring The Concept Of Financial Health
Authors: Manuel Pedro Rodríguez Bolívar
1st Edition
3319579614, 3319579622, 9783319579610, 9783319579627
