http://elearning.kctcs.edu/ultra/courses/493523760 1/cl/outline 80% You want to begin making regular deposits to finance your child's college education 18 years (216 months) in the future. You are able to invest $200 at the end of each month, and you judge that $100,000 will be needed. That is, you want the future valueF of the investment to be $100,000. Whether you can attain that goal depends on interest rates. If the monthly interest rate is r as a decimal, then the future value of the investment is given by 200 ((1 + r)216-1) dollars. F= (a) Plot the graph of F along with the target value of $100,000. Use a horizontal span of 0 to 0.01. F F 120000 120000 120000 100000 100 000 100000 80000 80000 80000 60000 60 000 60000 40000 40 000 40000 20000 20000 20000 0.010 0.010 0.010 0.002 0.006 0.008 0.004 0.002 0.006 0.006 0.004 0.008 0.002 0.004 0.008 120000 100000 80000 60000 40000 20000 0.010 0.006 0.008 0.004 0.002 (b) Find the monthly rate r that will yield the desired future value of $100,000. Round your answer as a percentage to one decimal place. (c) What is your total investment in your chils education? $ 826 PM 4X 9/15/2019 O Type here to search

http://elearning.kctcs.edu/ultra/courses/493523760 1/cl/outline 80% You want to begin making regular deposits to finance your child's college education 18 years (216 months) in the future. You are able to invest $200 at the end of each month, and you judge that $100,000 will be needed. That is, you want the future valueF of the investment to be $100,000. Whether you can attain that goal depends on interest rates. If the monthly interest rate is r as a decimal, then the future value of the investment is given by 200 ((1 + r)216-1) dollars. F= (a) Plot the graph of F along with the target value of $100,000. Use a horizontal span of 0 to 0.01. F F 120000 120000 120000 100000 100 000 100000 80000 80000 80000 60000 60 000 60000 40000 40 000 40000 20000 20000 20000 0.010 0.010 0.010 0.002 0.006 0.008 0.004 0.002 0.006 0.006 0.004 0.008 0.002 0.004 0.008 120000 100000 80000 60000 40000 20000 0.010 0.006 0.008 0.004 0.002 (b) Find the monthly rate r that will yield the desired future value of $100,000. Round your answer as a percentage to one decimal place. (c) What is your total investment in your chils education? $ 826 PM 4X 9/15/2019 O Type here to search

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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