Use the savings plan formula to answer the following question Your goal is to create a college fund for your child Suppose you find a fund that offers an APR of 6 How much should you deposit monthly to accumulate $86,000 in 16 years You should invest $ each month (Do not round until the final answ...

Future Value Present Value x 1 rate of returnnumber ...

Use the savings plan formula to answer the following question Your goal is to create a...

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ISBN: 978-1133595830

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Authors: Thomas Garman, Raymond Forgue

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