February 23, 2017

Homework Help: Math 109

Posted by Julie on Tuesday, December 13, 2011 at 12:25am.

Your cousin has just won the lottery and wants to create an account that will have $100,000 in 16 years to help pay for their child's college tuition. If the account has a fixed interest rate of 4.6% compounded 3 times each year, how much money should they put into the account?

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