Parents wish to have $90,000 available for a child's education. If the child is now 6...
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Parents wish to have $90,000 available for a child's education. If the child is now 6 years old, how much money must be set aside at 4% compounded semiannually to meet their financial goal when the child is 18? The amount that should be set aside is $ (Round up to the nearest dollar.) Parents wish to have $90,000 available for a child's education. If the child is now 6 years old, how much money must be set aside at 4% compounded semiannually to meet their financial goal when the child is 18? The amount that should be set aside is $ (Round up to the nearest dollar.)
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Amount Principal amount 1 rate of interest number of years periods Calculation of periods ... View the full answer
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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