SOLUTION: Omar and Krystal have a new grandson. How much money should they invest now so that he will have $49,000 for his college education in 18 years? The money is invested at 3.7% compou

Question 1057261: Omar and Krystal have a new grandson. How much money should they invest now so that he will have $49,000 for his college education in 18 years? The money is invested at 3.7% compounded monthly.
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

Omar and Krystal have a new grandson. How much money should they invest now so that he will have $49,000 for his college education in 18 years? The money is invested at 3.7% compounded monthly.

 

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