Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You want to have $89,000 in 18 years to help your child attend college. If you can earn an annual interest rate of 4.5 percent,

image text in transcribed
You want to have $89,000 in 18 years to help your child attend college. If you can earn an annual interest rate of 4.5 percent, how much will you have to deposit today

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trade Union Finance

Authors: Marick F. Masters, Raymond Gibney

1st Edition

1032371382, 978-1032371382

More Books

Students also viewed these Finance questions