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Watugonado University predicts that in 15 years it will cost $50,000 to attend the college for four years. Madison has a substantial amount of cash
Watugonado University predicts that in 15 years it will cost $50,000 to attend the college for four years. Madison has a substantial amount of cash and wishes to invest a lump sum of money for her childs college fund. How much should Madison put aside in an account with an APR of 3.63%, compounded quarterly, in order to have the funds to pay for her child's college fees?
Round to the nearest cent.
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