Question: If it is assumed that $ 2 0 0 , 0 0 0 will be needed 1 0 years from now for a college fund,

If it is assumed that $200,000 will be needed 10 years from now for a college fund, how much
must be invested today at 6% nominal annual rate compounded
a) Interest compounded continuously and payments continuous
b) Interest compounded continuously but payments quarterly
c) Interest compounded continuously but payments annually
d) Interest compounded quarterly and payments quarterly
e) Interest compounded semi-annually and payments semi-annually
f) Interest compounded quarterly and payments monthly

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