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August 1, 2014

Homework Help: math 140

Posted by Doran on Tuesday, November 15, 2011 at 9:02pm.

You intend to create a college fund for your baby. If you can get an interest rate of 5.3% compounded monthly and want the fund to have a value of $123,875 after 17 years, how much should you deposit each month?
$413.01

$7032.70

$319.14

$375.46

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