Question: Chapter 6, Section 6.5, Question 008b On January 1, John's parents decide to place $60 at the end of each month into an Education IRA.

Chapter 6, Section 6.5, Question 008b On January 1, John's parents decide to place $60 at the end of each month into an Education IRA. The rate of return is assumed to be 9% per annum compounded monthly. How long will it be before the value of the account exceeds $4000 ? months after January 1, The value of the account exceeds $4000 2011. the absolute tolerance is +/-1

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