SOLUTION: You want to have $55,000 college fund in 14 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initi

Question 1068501: You want to have $55,000 college fund in 14 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit. The APR of 6% compounded daily. How much should you invest now?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

Work that out for your final answer.
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