Question: round you final answer at 2 dec Mr. and Mrs. Megabucks would like to set up a college fund for their grandson. They want him

round you final answer at 2 dec

Mr. and Mrs. Megabucks would like to set up a college fund for their grandson. They want him to be able to withdraw $2,250 each month for the two years he will be in college. Their grandson is currently celebrating his second birthday. His first college withdrawal will be on his 19th birthday. The college fund will earn 112-2.4%. How much must they deposit today into the college fund

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