Question
Suppose you want to save $50,000 in 10 years to pay for your child's college education. If you can earn an annual interest rate of
Suppose you want to save $50,000 in 10 years to pay for your child's college education. If you can earn an annual interest rate of 6%, how much should you invest annually in a savings account to reach your goal?
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
