Posted by kerry on Monday, October 8, 2012 at 10:56pm.
ok this is the last question i need help on.
Abigail just received an inheritance from her grandfather's estate. She will be entering college in 1 year and is expecting to need $3,000, $5,000, $4,000, and $4,500 respectively at the beginning of each of the 4 consecutive years at school.
If she can get GICs with 4% interest, compounding daily, what principal amount would Abigail need to invest from her inheritance to completely be selfsufficient during these school years? For full marks your answer(s) should be rounded to the nearest cent.

college math  Anonymous, Monday, October 8, 2012 at 11:28pm
180.82