How much would you have to deposit in a fund earning 6


You are planning to go to college and your tuition the first year is estimated for be $9,000 the first year and is expected to increase by 4% per year. How much would you have to deposit in a fund earning 6% annually to cover your tuition for 4 years?

Solution Preview :

Prepared by a verified Expert
Business Economics: How much would you have to deposit in a fund earning 6
Reference No:- TGS02319363

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)