Calculate the amount of money Shane had to deposit in an investment fund growing at an interest
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Question:
Calculate the amount of money Shane had to deposit in an investment fund growing at an interest rate of 200 compounded annually, to provide his daughter with $15,000 at the end of every year, for 5 years, throughout undergraduate studies.
Related Book For
Mathematical Statistics with Applications in R
ISBN: 978-0124171138
2nd edition
Authors: Chris P. Tsokos, K.M. Ramachandran
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