Mathematics, 17.02.2021 05:00, ri069027
Suppose that a family wants to start a college fund for their child. If you invest in account that pays 5.5% and want the fund to have a value of $53,000 after 18 years, how much should you deposit monthly. Assume an annuity due.
Please select the best answer from the choices provided
A. $142.98
B. $143.30
C. $143.49
D. $145.52
Answers: 2
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