Determine cost of tuition


Determine cost of tuition in 18 years is $41,228 for each year. Suppose you want to pay for 1 year of college for you daughter and want all of money available after 18 years. The bank offerss you an account with 1.580% interest compounded quarterly. What should the quarterly payments be to meet the goal?

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Mathematics: Determine cost of tuition
Reference No:- TGS0874203

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