To help with his child's college fund, Ravi needs to invest. Assuming an interest rate of 2.23% compounded quarterly, how much would he have to invest to have s94,300 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. ?

To help with his child's college fund, Ravi needs to invest. Assuming an interest rate of 2.23% compounded quarterly, how much would he have to invest to have s94,300 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. ?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 6E

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