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
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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
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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(52757) (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.
