Friday
March 27, 2015

Homework Help: Mathematics

Posted by Maddie on Monday, November 17, 2008 at 9:27pm.

Pam and Tim decide to start saving money for their daughter's college education. They open a college savings plan with a 400 initial investment and next month start to make monthly deposits of 100. If the account pays 8.00% compounded monthly, how much will the account be worth after 180 deposits? Be sure to include the initial investment in the computation.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Calculus - Pam and Tim decide to start saving money for their daughter'...
Finance - 5. John and Daphne are saving for their daughter Ellen's college ...
Math - Jeremy is in Grade 8. He has a paper route and wants to save for his ...
economics - In order to have money for their daughter's college education, a ...
college algebra - A grandmother is looking for a plan to finance her new ...
algebra - A grandmother is looking for a plan to finance her new grandchild’s ...
statistics - At a small college it is known from previous years that 35% of all ...
MathHH - Is this answer correct? Jeremy is in Grade 8. He has a paper route and ...
Algebra - A grandmother is looking for a plan to finance her new grandchild’s ...
Finance - Professor Anderson has a daughter who is 3 years old. In 15 years she ...

Members