You got another baby and decided to put an equal amount each year, starting on the day
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Question:
You got another baby and decided to put an equal amount each year, starting on the day she was born, into a college saving account that earns 5% interest per year. How much would you need to invest each year to accumulate $100,000 by her 18th birthday? (Your last deposit will be made on her 17th birthday)
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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