Tuesday
September 23, 2014

Homework Help: math

Posted by denise on Friday, November 15, 2013 at 6:09am.

A couple plans to save for their child’s college education. What principal must be deposited by the parents when their child is born in order to have $100,000 when the child reaches age 18? Assume the money earns 4% interest, compounded quarterly.

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