You intend to create college fund for your baby. If you can get an APR of 5%

Fantastic news! We've Found the answer you've been seeking!

Question:

You intend to create college fund for your baby. If you can get an APR of 5% with monthly compounding and want the fund to have a value of $173,282 after 18 years, how much should you deposit monthly?

Posted Date: Jul 07, 2024 10:26 AM

See More Questions

Weekly demand for an item averaged 100 units over the past year. Actual demand for the next eight weeks is shown in what follows: a. Plot the data on graph paper. b. Letting , calculate the smoothed...
Five months before the new 2002 Lexus ES hit showroom floors, the company's U.S. engineers sent a test report to Toyota City in Japan: The luxury sedan shifted gears so roughly that it was "not...
Question 3 View Policies Current Attempt in Progress Bonita Industries has 50 employees who work 8-hour days and are paid hourly. On January 1, 2020, the company began a program of granting its...
Case study link :...
Investigate the Mercedes Benz company and you have to cover this topic " For Business prospects, Market growth, Market quality, and Environmental aspects are three most important factors. Explain...
The case study for Goodwill Industries and how they "do good" as a core business strategy. What are Goodwill's competitive advantages? Goodwill has found success in social services. What problems...
Cosmic Cals (Pty) Ltd , a seller of personalized scientific calculators, had an inventory of 40 calculators. The value of these calculators is R15 400 each on the 1 January 2022. During the current...
Perform an analysis of Best Buy Co. Inc. Your analysis will draw on the Form 10K (as of February 2013). Your analysis can include information prior to February 2013 but should not draw on any...
Research organizational structure of a company of your choice. Use your understanding of organizational structure to analyze whether this organization's structure is the best choice for the business...

You intend to create college fund for your baby. If you can get an APR of 5%

Question:

Expert Answer:

Students also viewed these economics questions