Question
Your parents have a college savings account which earns 7% interest, compounded monthly.If you need to withdraw $2000 every month for 4 years to pay
Your parents have a college savings account which earns 7% interest, compounded monthly.If you need to withdraw $2000 every month for 4 years to pay for college, how much will they need to have saved when you start college?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
