Question: A couple decides that in 16 years they will need to have saved $47,000 for their 2-year old child's post-secondary education. How much should be

A couple decides that in 16 years they will need to have saved $47,000 for their 2-year old child's post-secondary education.

How much should be invested now at 5.9% annual interest, compounded weekly, in order to save this amount for their child's post secondary education?

  • $9,876.53
  • $18,296.01
  • $18,502.73
  • $12,656.50

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