Question: Mr . S . P . Johnson is creating a college fund for his daughter. He plans to make 9 - yearly payments of $
Mr S P Johnson is creating a college fund for his daughter. He plans to make yearly payments of $ each with the first payment deposited today on his daughters th birthday happy birthday! Assuming his daughter will need three equal withdrawals from this account to pay for her lawschool education beginning when she is twentytwo ie how much will she have on a yearly basis for her law school career? Mr Johnson expects to earn a constant annual return for the time interval of this problem.
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