posted by Carolyn
the cost in 15 years is 214,000 to provide a college education. Can I have enough to take $75,000 today and invest it for the next 15 years at 5%?
I thought this question looked familair
Notice the slight change in numbers, but follow the method.
Assume the Banc One receives primary deposits of $1 million. The Bank must reserves of 20 percent against its deposits. Prepare a simple balance sheet of assets and liabilities for Bang One