How much money should they deposit Annually in an account paying 10.2% Annually so they will have $100,000 in 18 years to pay for their daughter’s educational expenses?
Mr. and Mrs. Tran are expecting a baby girl in a few days. They want to put away money for her college education now. How much money should they deposit Annually in an account paying 10.2% Annually so they will have $100,000 in 18 years to pay for their daughter’s educational expenses?
