Posted by **yusuf** on Wednesday, January 13, 2010 at 5:12pm.

A couple plans to invest money for the chld's education. What principle must the couple deposit when their child is born so that when she turns 18 she will have $50,000. Assume the money earns 6% compounded monthly.

## Answer This Question

## Related Questions

- math - A couple plans to save for their child’s college education. What ...
- Math - A couple needs $15,000 as a down payment for a home. If they invest the $...
- math - Bob and Joy Salkind want to save $50,000 in 5 ½ years for home ...
- business math - 13. Bob and Joy Salkind want to save $50,000 in 5 ½ years for ...
- contemporary math - Bob and Joy Salkind want to save $50,000 in 5 ½ years for ...
- Business Math - Bob and Joy Salkind want to save $50,000 in 5 ½ years for home ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- math - A mother wnats to invest $6,000 for her son's future education. She ...
- math - A mother wants to invest $9,000.00 for her son’s future education. She ...
- Math - Betsy, a recent retiree, requires $6,000 per year in extra income. She ...

More Related Questions