Suppose you want your daughter's college fund to contain $100,000 after 17 years. If you can get
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose you want your daughter's college fund to contain $100,000 after 17 years. If you can get an APR of 8.6%, compounded monthly, how much should you deposit at the end of each month?
At age 20 when you graduate, you start saving for retirement. If your investment plan pays an APR of 8.8%, compounded monthly, and you want to have $4.5 million when you retire in 45 years, how much should you deposit monthly?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date: