You plan to set aside money every six months for your child's education fund. You would like to have $160,000 in the fund when she graduates high school, which is in fifteen years.

If the account you are investing in earns an APR of 8%, How much must you set aside each six months?

Answer rating: 100% (QA)

To determine how much you must set aside every six months you can use the f... View the full answer