Question
You want to save for your newborn childs college education. You can invest in a tax free bond which pay 7% annual interest rate, compounded
You want to save for your newborn childs college education. You can invest in a tax free bond which pay 7% annual interest rate, compounded continuously. How much should you invest (principle) today so that you will have $100,000 in 18 years?
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
