Question
What amount must you put in the bank today if you will need $10,000 in 8 years for the cost of your childs college education?
What amount must you put in the bank today if you will need $10,000 in 8 years for the cost of your childs college education? The bank will provide you with interest payments quarterly on your investment. The annual rate of interest you have been quoted is 12 percent.
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
