Question
What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow to $80,000 for their son's
What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow to $80,000 for their son's college fund in 15 years? (Round your answer to the nearest cent.)
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
