wondermags369 wondermags369

16-06-2016
Mathematics

Answered

Parents wish to have 140,000 available for a child's education. If the child is now 5 years old, how much money must be set aside at 7% compounded semi annually to meet their financial goal when the child is 18?

Verified Answer :

1247565 1247565

16-06-2016

$196.00 because 140,000 divided by 5 times 0.7=

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