3) An engineer puts $ aside for his newborns college education. She will need 20,000 on her 18, 19, 20 and 21" birthdays. He can make uniform payments now through year 17. (18 payments in all) At 8% interest how much does he need to set aside annually.
3) An engineer puts $ aside for his newborns college education. She will need 20,000 on her 18, 19, 20 and 21" birthdays. He can make uniform payments now through year 17. (18 payments in all) At 8% interest how much does he need to set aside annually.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 14E
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