Vincent wants to contribute immediately towards his daughter’s future college education. His daughter expects to attend college in 15 years and his goal is to have at least $100,000 at that time. Given that Vincent’s savings earn 5.5%, what is the approximate amount he needs to save each year to reach his goal?

Answer rating: 100% (QA)

Giren future value 100 00 rate r 55 15 Now lef us assume that amount is d... View the full answer