You decide to create a savings account for your children's college education, putting $140 per month into an account paying 6.1% compounded monthly. What will be the value of the account in eighteen years? (Please help by using calculator)

You decide to create a savings account for your children's college education, putting $140 per month into an account paying 6.1% compounded monthly. What will be the value of the account in eighteen years? (Please help by using calculator)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 4QTD

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Question

You decide to create a savings account for your children's college education, putting $140 per
month into an account paying 6.1% compounded monthly. What will be the value of the
account in eighteen years?

(Please help by using calculator)

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