Jason and Piera decide to start a college savings account for their newborn son, Joseph. They...
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Jason and Piera decide to start a college savings account for their newborn son, Joseph. They want to have $40,000 available for him when he is 18, and they expect the account to have an average return of 7%. How much do they need to deposit each month to reach this goal? Round answer to 2 decimal places. Jason and Piera decide to start a college savings account for their newborn son, Joseph. They want to have $40,000 available for him when he is 18, and they expect the account to have an average return of 7%. How much do they need to deposit each month to reach this goal? Round answer to 2 decimal places.
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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