Question
Whitney wants to set up a fund for her son's education such that she could withdraw $1,354.00 at the beginning of every 3 months for
Whitney wants to set up a fund for her son's education such that she could withdraw $1,354.00 at the beginning of every 3 months for the next 5 years. If the fund can earn 3.00% compounded semi-annually, what amount could she deposit today to provide the payment?
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
