Mathematics, 01.02.2023 14:20, angelica7773

Part of Abernathy’s divorce settlement involves setting aside money today for college tuition for their daughter who enters college in 7 years. They estimate that the cost of four years’ tuition and fees at the state university their daughter will attend will be $40,000. Find the lump sum that must be invested at 4% compounded semiannually

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Part of Abernathy’s divorce settlement involves setting aside money today for college tuition for th...