document.write( "Question 1204778: Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 4%. How much should you deposit monthly to accumulate ​$82,000 in 18 ​years?
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Algebra.Com's Answer #841272 by MathLover1(20849)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "\"FV=P%28%28%281%2Br%2Fn%29%5E%28nt%29-1%29%2F%28r%2Fn%29%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"FV=82000\"\r
\n" ); document.write( "\n" ); document.write( "\"r=4\"%=\"0.04\"\r
\n" ); document.write( "\n" ); document.write( "\"t=18+\"years\r
\n" ); document.write( "\n" ); document.write( "\"n=12\" months\r
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\n" ); document.write( "\n" ); document.write( "\"82000=P%28%28%281%2B0.04%2F12%29%5E%2812%2A18%29-1%29%2F%280.04%2F12%29%29\"\r
\n" ); document.write( "\n" ); document.write( "\"82000+=+P%28315.592%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=82000+%2F%28315.592%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=259.83\" \r
\n" ); document.write( "\n" ); document.write( "should you deposit $\"259.83\" monthly
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