Question
Starting one month from now, you need to withdraw $150 per month from your bank account to help cover the costs of your university education.
Starting one month from now, you need to withdraw $150 per month from your bank account to help cover the costs of your university education. You will continue the monthly withdraws for the next four years. If the account pays 0.6% interest per month, how much money must you have in your bank account today to support your future needs?
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Making Sense Of School Finance
Authors: Clinton Born
1st Edition
1475856652, 978-1475856651
