For a child born in 2018, the cost of a 4-year college education at a public university

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For a child born in 2018, the cost of a 4-year college education at a public university is projected to be $185,000. Assuming a 4.75% per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have $185,000 in 18 years when the child begins college?

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Related Book For  answer-question

College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

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