You need save for college for your child. It was just born and you want to have

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You need save for college for your child. It was just born and you want to have $50,000 available when it's 18 years old. If you can earn 8% annual return, then how much do you have to save monthly?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Jun 22, 2023 03:11 AM

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You need save for college for your child. It was just born and you want to have

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lets use the future value of an ordinary annuity formula FV P 1 rn 1 r 50000 P 1 00812216 1 00... View the full answer

Personal Finance Turning Money into Wealth

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