Finance

If a father wants to have $100,000 to send a newborn child to college, how much must he invest annually for 18 years if he earns 9 percent on his funds?

  1. 👍
  2. 👎
  3. 👁
  1. 2142

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. matth

    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 $42,000 when the child reaches the age of 18? Assume the money earns 7%

  2. Statistics

    If the probability of a newborn child being female is 0.5, find the probability that in 100 births, 55 or more will be female. Use the normal distribution to approximate the binomial distribution.

  3. math

    The weights of newborn babies are distributed​ normally, with a mean of approximately 95 oz and a standard deviation of 20 oz. If a newborn baby is selected at​ random, what is the probability that the baby weighs more than 35

  4. Math

    Solve the following linear programming problems by the graphical method Dr. Lum teaches part-time at two different community colleges, Hilltop College and Serra College. Dr. Lum can teach up to 5 classes per semester. For every

  1. statistics

    the weights of newborn babies are distributed normally, with the mean of approximately 115 oz and a standard deviation of 20 oz. if a newborn baby is selected at random. what is the probability that the baby weighs more than 95

  2. Mathematics

    Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 5%. How much should you deposit monthly to accumulate ​$83,000 in 18 ​years?

  3. ECE

    1.when a child hits another child because he is angry, the best way to handle the situation is to? A.send the hitter to a time-out chair B.intervine immediately and ask each child what happened C.tell the second child to hit the

  4. pharmacy calculations

    1.a newborn weighs 3,000 g. what is his weight in kilograms? 2.a newborn weighs 3,000g. what is his weight in pounds? 3.a stock bottle contains 2.5 liters of solution how many 2oz bottles can be filled using this solution? 4.you

  1. math

    A community college has 3,000 students and 90 instructors. The college plans that enrollment will be 3,500 next year. How many new instructors should be hired if the college wants to keep the same student to instructor ratio?

  2. Statistics

    Based on information from Harper's Index, 37 out of a random sample of 100 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of 100 Americans who did attend college, 41 claim

  3. Math

    Don has just received a cash gift of $70,000 from his rich eccentric uncle. He wants to set it aside to pay for his daughter Cynthia's college education. Cynthia will begin college in 13 years and Don's financial advisor says that

  4. College Alg

    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 $41,000 when the child reaches the age of 18? Assume the money earns 9%

You can view more similar questions or ask a new question.