Question
To help with his child's college fund, Tony needs to invest. Assuming an interest rate of 2.28% compounded daily, how much would he have
To help with his child's college fund, Tony needs to invest. Assuming an interest rate of 2.28% compounded daily, how much would he have to invest to have $94,300 after 13 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. Assume there are 365 days in each year. s[] ? Josh wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $87 that pays 3.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 8 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
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