SOLUTION: Use the savings plan formula to answer the following question.
Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 7 %. How much sh
Algebra.Com
Question 1119097: Use the savings plan formula to answer the following question.
Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 7 %. How much should you deposit monthly to accumulate $89,000 in 16 years?
Answer by ikleyn(52759) (Show Source): You can put this solution on YOUR website!
.
Such a problem MUST formulate CLEARLY and EXPLICITLY in its condition, what is a compounding period: month, quarter, year.
RELATED QUESTIONS
Use the savings plan formula to answer the following question.
Your goal is to create a... (answered by Theo)
Use the savings plan formula to answer the following question.
Your goal is to create a... (answered by ikleyn)
My goal is to create a college fund for my child. Suppose I find a fund that offers an... (answered by ikleyn)
Your goal is to create a college fund for your child. Suppose you find a fund that offers (answered by jorel1380,MathTherapy)
your goal is to create a college fund for your child, suppose you find a fund that offers (answered by Theo)
Your goal is to create a college fund for your child. Suppose you find a fund that offers (answered by MathLover1)
After the birth of their first child, the Bartons plan to set up an account to pay for... (answered by Boreal)
Sue and Tom have a new baby and wish to create a college fund for the child at age 18.... (answered by josmiceli)
Think of something you want or need for which you currently do not have the funds. It... (answered by solver91311)