Question: You are saving for your childs college fund. You are going to contribute the same amount of money to the fund at the end of
You are saving for your child’s college fund. You are going to contribute the same amount of money to the fund at the end of each year. Your goal is to end up with $100,000. For annual investment returns ranging from 4 percent to 15 percent and the number of years investing varying from five to 15 years, determine your required annual contribution.
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