Answered: It cost $200,000 to put a kid through…

It cost $200,000 to put a kid through college. How much money would you have to deposit monthly into an account paying you 11% to make a down payment in 15 years?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...

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It cost $200,000 to put a kid through college. How much money would you have to deposit monthly into an account paying you 11% to make a down payment in 15 years?

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