You, being the wise parent, decide to invest $50,000 for your newborn child's college education. Setting your

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You, being the wise parent, decide to invest $50,000 for your newborn child's college education. Setting your sights high, you aim for an education

at Vine Covered University (VCU). Estimating the future costs at VCU, you arrive at a figure of $200,000.If you can get a 12% annual rate, compounded monthly.

How old will your child be when you have the funds to send her to VCU?

Related Book For answer-question

Quantitative Methods for Business

ISBN: 978-0840062345

12th edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

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Posted Date: May 05, 2023 02:48 AM

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You, being the wise parent, decide to invest $50,000 for your newborn child's college education. Setting your

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Quantitative Methods for Business

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