You know that you will need $100,000 for your child’s education in 18 years. If your account earns 3% compounded daily, how much would you need to deposit now to reach your goal? Recall that there are 365 days in a year. Round your answer to the nearest cent.
You know that you will need $100,000 for your child’s education in 18 years. If your account earns 3% compounded daily, how much would you need to deposit now to reach your goal? Recall that there are 365 days in a year. 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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You know that you will need $100,000 for your child’s education in 18 years. If your account earns 3% compounded daily, how much would you need to deposit now to reach your goal? Recall that there are 365 days in a year. Round your answer to the nearest cent.
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