How much must be deposited today into the following account in order to have a...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
How much must be deposited today into the following account in order to have a 105 000 college fund in 16 years Assume no additional deposits are made An account with quarterly compounding and an APR of 3 34 should be deposited today Do not round until the final answer Then round to the nearest cent as needed
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!