Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 14, 2024

your goal is to make a college fund for your child. you find a fund that offers and APR of 7%. how much do you

your goal is to make a college fund for your child. you find a fund that offers and APR of 7%. how much do you need to invest monthly to accumulate $85,000 in 16 years?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Elementary Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions

Question

★★★★★

What is the purpose of the Monitoring Board?

Answered: 1 week ago

Question

★★★★★

Hi tutor, can you please help me to solve that question? Suppose the market price P = P (Q) can be written as a function of the market demand quantity Q (0, 100). (a) Suppose the demand function is P...

Answered: 1 week ago

Question

★★★★★

LO 3 What is the efect of an increase in d, the depreciation rate, on the representative firms investment decision, and on its optimal investment schedule? Explain your results carefully.

Answered: 1 week ago

Question

★★★★★

Luxury Suites Hotels includes the following selected accounts in its general ledger at December 31, 2012: Requirement 1. Prepare the liabilities section of Luxury Suites' balance sheet at December...

Answered: 1 week ago

Question

★★★★★

your goal is to make a college fund for your child. you find a fund that offers and APR of 7%. how much do you need to invest monthly to accumulate $85,000 in 16 years?

Answered: 1 week ago

Question

★★★★★

(4) Company BW has 10,000,000 shares outstanding and the market price is $12.27 per share. Annual dividend just paid was $0.75 per share and investors believe future dividends will be increasing by...

Answered: 1 week ago

Question

★★★★★

After completing her first year of operations, Penny Cassidy used a number of ratios to evaluate the performance of Penny's Pool Service & Supply, Inc. She was particularly interested in the effects...

Answered: 1 week ago

Question

★★★★★

Consider the mountain known as Mount Wolf, whose surface can be described by the parametrization F(u, v) = (u, v, 7565 0.02u2 0.03v2) With U2 + v2 5 10,000, where distance is measured in meters. The...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Ionic Charge is a newly organized manufacturing business that plans to manufacture and sell 50,000 units per year of a new product. The following estimates have been made of the company's costs and...

Answered: 1 week ago

Question

★★★★★

Comprehensive Problem Part 1 and Part 2 : Palisade Creek Co . is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co . as of May 1 , 2 0 Y 7...

Answered: 1 week ago

Previous Question Next Question