Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the amount of money you would need to inve

What is the amount of money you would need to invest per month over 18...

70.2K

Verified Solution

Question

Finance

What is the amount of money you would need to invest per month over 18 years at 3% interest compounded monthly to have enough to pay for four years of college for your child at a total cost of $44,672?

How much interest would the account earn in 18 years?

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

37. You are working in a laboratory, after graduation, since you have recently discovered a new...

Medical Sciences
Q

1. Lab Review: A) Explain why– control E. coli cells cannot grow on LBA+amp and LBA+amp+X-Gal. B) Name...

Biology
Q

The following statement from the essay "Society and Solitude" by Ralph Waldo Emerson depicts the...

Biology
Q

For the company Above Average Sales create a set of data for 8 employees that...

Geometry
Q

Find the exact value of the following expression without using a calculator.COS x/6(Simplify your answer,...

Basic Math
Q

Dose the lengths of human pregnancies are normally distributed with 266 days and a Complete...

Statistics
Q

Suppose is an angle such that cos(?)=-3/4a)If 0

Algebra
Q

Coral Berhad is a manufacturer and retailer of dairy products. The following balances have been...

Accounting
Q

If a client sells a rental property for a gain and purchases a subsequent rental...

Accounting
Q

An initial estimated tax voucher would not be required on a date after April 15...

Accounting
Q

Callie is admitted to the Adams & Beal Partnership under the goodwill method. Callie contributes...

Accounting
Q

Santana Rey expects sales of Business Solutions's line of computer workstation furniture to equal 300...

Accounting