Mathematics, 03.02.2020 06:58, drxppymami

Suppose that a family wants to start a college fund for their child. if they can get a rate of 5.5% , compounded monthly, and want the fund to have a value of $35,450 after 20 years, how much should they deposit monthly? assume an ordinary annuity and round to the nearest cent.
answers:
a.
$81.38
b.
$80.01
c.
$11,829.97
d.
$11,776.00

Answers: 2

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Suppose that a family wants to start a college fund for their child. if they can get a rate of 5.5%...