Question
You, being the wise parent, decide to invest $50,000 for your newborn child's college education. Setting your sights high, you aim for an education at
You, being the wise parent, decide to invest $50,000 for your newborn child's college education. Setting your sights high, you aim for an education
at Vine Covered University (VCU). Estimating the future costs at VCU, you arrive at a figure of $200,000.If you can get a 12% annual rate, compounded monthly.
How old will your child be when you have the funds to send her to VCU?
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
12th Edition
840062338, 840062346, 9780840062338, 978-0840062345
