# The average cost of a 4-year college education is projected to be $410,000 in 15 years. How much money should be invested now at 7%, compounded quarterly, to provide$140,000 in 15 years?

Question

The average cost of a 4-year college education is projected to be $410,000 in 15 years. How much money should be invested now at 7%, compounded quarterly, to provide$140,000 in 15 years?