You want to build a $100, 000 college fund in 18 years by making a regular, end-of-month deposits. Assuming an APR of 7%, calculate how much you should deposit monthly.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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You want to build a $100, 000 college fund in 18 years by making a regular, end-of-month deposits. Assuming an APR of 7%, calculate how much you should deposit monthly. 

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