Posted by **Tammy** on Thursday, April 21, 2011 at 9:30am.

Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.

## Answer This Question

## Related Questions

- math - You want to have $85,000 college fund in 15 years. HOw much will you have...
- maths - Felicity has just commenced work and is investigating superannuation ...
- maths - Felicity has just commenced work and is investigating superannuation ...
- annuaties - Mr. Strupp expects to retire in 12 years. Beginning one month after ...
- College level math - Suppose you deposit $100 in an account that earns 0.5% each...
- math - diane works at a public university and contributes $625 per month in her ...
- math - Suppose you start saving today for a $30,000 down payment that you plan ...
- Differential Equations - A college professor contributes $5,000 per year into ...
- time value - For the last 19 years, Mary has been depositing $500 in her savings...
- Math - Please help check my answers to make sure they are correct. I used the "...

More Related Questions