SOLUTION: Sam Long anticipates he will need approximately $226,600 in 13 years to cover his 3-year-old daughter’s college bills for a 4-year degree.
How much would he have to invest tod
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Question 1189486: Sam Long anticipates he will need approximately $226,600 in 13 years to cover his 3-year-old daughter’s college bills for a 4-year degree.
How much would he have to invest today at an interest rate of 6% compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
AMount?
Answer by ikleyn(52879) (Show Source): You can put this solution on YOUR website!
.
Sam Long anticipates he will need approximately $226,600 in 13 years to cover
his 3-year-old daughter’s college bills for a 4-year degree.
How much would he have to invest today at an interest rate of 6% compounded semiannually?
(Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
AMount?
~~~~~~~~~~~~~~~~~
Your post is strange.
From one side, it requests to use some Table.
From the other side, the Table is not provided.
I can easy solve the problem without using any Table, but then my solution will not follow your instruction.
My advise to you is to read what you post and to think about it, at least 30 seconds or 1 minute.
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