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Today is your birthday and you decide to start saving for college. You will begin college on your 18th birthday and will need $4,000 per
Today is your birthday and you decide to start saving for college. You will begin college on your 18th birthday and will need $4,000 per year at the end of each of the next 4 years.You will make an identical deposit each year up to and including the year you begin college. All your money will earn 12% interest including the time you are in college. If a deposit of $2,542.00 will allow you to reach your goal,How old are you now?
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