Thank you.

Problem 04.048 Equivalence When PP

Problem 04.048 Equivalence When PP < CP How much would your parents have to deposit each month into an account that grows at a rate of 6% per year compounded quarterly if they want to have $76,000 at the end of year 3 to cover part of your college expenses? Assume no interperiod compounding. Parents have to deposit $ each month.