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April 20, 2014

Homework Help: Business Finance

Posted by allison on Friday, February 3, 2012 at 4:44pm.

you are saving for your child's college.. there are 15 years before they will be in college. you have saved 0 so far. Your goal is $98,000. assume annual in rate is 8%. how much must you save at the end of each year in equal amounts to reach your goal? I know that with the hp10bII calc I am using, I would use 15N, 8 I/Yr, $98,000FV. I am just not sure if I am coming up with the correct payment though.

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