When your child is born, you set a goal of building a $100,000 college fund in 18
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Question:
When your child is born, you set a goal of building a $100,000 college fund in 18 ye.ars by making regular, end-of-month deposits. Assuming an APR of 3%, calculate how much you should deposit monthly. How much of the final value comes from actual deposits and how much from interest?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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