Question
You want to have $150,000 for your daughter's education 18 years from now. If you can earn 8 percent, compounded monthly, on your savings, how
You want to have $150,000 for your daughter's education 18 years from now. If you can earn 8 percent, compounded monthly, on your savings, how much do you need to deposit at the end of each month to reach your goal?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
