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Use the savings plan formula to answer the following question. Your goal is to create a college fund for your child. Suppose you find a
Use the savings plan formula to answer the following question. Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much should you deposit monthly to accumulate $85,000 in 13 years? ... You should invest $ each month. (Do not round until the final answer. Then round to two decimal places as needed.) Use the savings plan formula to answer the following question. Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much should you deposit monthly to accumulate $85,000 in 13 years? ... You should invest $ each month. (Do not round until the final answer. Then round to two decimal places as needed.)
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