Your daughter is currently 8 years old. You anticipate that she will be going to college in
Question:
Your daughter is currently 8 years old. You anticipate that she will be going to college in 10 years. You would like to have $100,000 in a savings account at that time. If the account promises to pay you a fixed interest rate of 3% per year, how much money to you need to put into the account today to ensure that you will have $100,000 in 10 years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Computation amount need to set a side to reach 100000 in year 10 Given information ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
