1. Aunt May wants to set aside money for Peter Parker's future college education. Money can be deposited in bank account that pays 18% compounded annually. What equal deposits should be made by Aunt May on his nephew's 6th through 17 birthdays, in order to provide P15,000 on Peter Parker's 18, 19, 20 and 21 college.

1. Aunt May wants to set aside money for Peter Parker's future college education. Money can be deposited in bank account that pays 18% compounded annually. What equal deposits should be made by Aunt May on his nephew's 6th through 17 birthdays, in order to provide P15,000 on Peter Parker's 18, 19, 20 and 21 college.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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