ohn wants to set up a fund for her son's education such that she could withdraw $2,214.00 at the beginning of every 3 months for the next 3 years. If the fund can earn 3.50% compounded semi-annually, what amount could she deposit today to provide the payment? Round your answer to the nearest cent
ohn wants to set up a fund for her son's education such that she could withdraw $2,214.00 at the beginning of every 3 months for the next 3 years. If the fund can earn 3.50% compounded semi-annually, what amount could she deposit today to provide the payment? Round your answer to the nearest cent
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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John wants to set up a fund for her son's education such that she could withdraw $2,214.00 at the beginning of every 3 months for the next 3 years. If the fund can earn 3.50% compounded semi-annually, what amount could she deposit today to provide the payment?
Round your answer to the nearest cent
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