document.write( "Question 280019: Please solve this word problem: How much money should parents deposit today in a college fund earning 5% compound quarterly, so that it will accumulate to $150,000.00 in 15 years? \n" ); document.write( "
Algebra.Com's Answer #854169 by josgarithmetic(39790) ![]() You can put this solution on YOUR website! Quarterly rate is 1.25%. \n" ); document.write( "Fifteen years for the investment is 60 compounding periods.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p, how much money to invest today\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |