You want $100,000 college fund in 15 years. How much will you have to deposit now under

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You want $100,000 college fund in 15 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit.

An APR of 4.4% compounded daily.

You should invest $ _____.

Related Book For answer-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: Jan 02, 2021 12:16 PM

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You want $100,000 college fund in 15 years. How much will you have to deposit now under

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Expert Answer:

A P1 3 nt R 1000... View the full answer

Managerial Accounting

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