Kerstin Dugmore plans to send their kids to college in 4 years and will need another...

 

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Kerstin Dugmore plans to send their kids to college in 4 years and will need another $13,420.00 before they can do so. Given an interest rate of 1.00% compounded tri-annually, how much money do they need to set aside today? Kerstin Dugmore plans to send their kids to college in 4 years and will need another $13,420.00 before they can do so. Given an interest rate of 1.00% compounded tri-annually, how much money do they need to set aside today?

Answer rating: 100% (QA)

Heres how to calculate how much money Kerstin Dugmore needs to set aside today to have 1342... View the full answer