Question: using this time up set up a college fund over the 1. Will It Work? Suppose you want to accumulate $50,000 for e fund over

using this time up set up

a college fund over the 1. Will It Work? Suppose you want to accumulate $50,000 for e fund over the next 15 years. Determine whether the fol- investment plans will allow you to reach your goal. Assume that the compounding and payment periods are the same for all the accounts. 61. You deposit $50 per month into an account with an APR of 7%. I= PV = pmt- Fv= Ply cly=

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