Question: step by step without FM calculater John finances his daughter's college education by making deposits into a fund earning interest at an annual effective rate

step by step without FM calculater
step by step without FM calculater John finances his daughter's college education

John finances his daughter's college education by making deposits into a fund earning interest at an annual effective rate of 1.15\%. For 18 years he deposits x at the beginning of each month. In the 15th through the 19th years, he makes a withdrowal of 15,000 at the beginning of each year. The final withdrowal reduces the fund balance to zero. Calculate . 270 300 320 340 350

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