SOLUTION: Amanda would like to have at least $125,000saved for her daughter education. If she invests $85,000 in an education account paying 10.15% interest compounded quarterly, will she re

Question 1036145: Amanda would like to have at least $125,000saved for her daughter education. If she invests $85,000 in an education account paying 10.15% interest compounded quarterly, will she reach her goal in 18 years?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The formula is:

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Yes, she will have $516,386.75 in 18 years
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check:

OK
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