Assuming a 10 interest rate how much will you have to put, Accounting Basics

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Assuming a 10 interest rate how much will you have to put

Assume it is January 1, 2008 and you have just fallen in love with the perfect mate. The only problem is that s/he has a eight year old son from a previous marriage who you will have to send to college. Assuming a 10% interest rate, how much will you have to put in the bank at the end of each of the next ten years (2008-2017) so the son can withdraw $20,000 per year for six years starting January 1, 2018

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Accounting Basics: Assuming a 10 interest rate how much will you have to put

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Accounting Basics: Assuming a 10 interest rate how much will you have to put

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