Walter deposits $1292.86 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000$95,000 in 14 years. How much of the $95,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.
Walter deposits $1292.86 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000$95,000 in 14 years. How much of the $95,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Walter deposits $1292.86 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000$95,000 in 14 years. How much of the $95,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.
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