SOLUTION: the cost of tuition to the college of your choice for all 4 years is estimated to be $60,000 if your uncle wanted to pay your entire tuition by investion in an account that compoun
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Question 1078538: the cost of tuition to the college of your choice for all 4 years is estimated to be $60,000 if your uncle wanted to pay your entire tuition by investion in an account that compounded annually at a rate of 4% for 18 years how much would he have had to intiqlly invest ? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! 60000=Po(1+.04)^18
60000=Po*2.0258
Don't round but divide by the 2.0258
Po=$29617.29, round here.
