child’s education

retirement account
June 29, 2019
The Bond Investment Decisions of Dave and Marlene Carter
June 29, 2019

To pay for your child’s education, you wish to have accumulated $15,000at the end of 11years. To do this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 8 percent compounded annually, how much must you deposit each year to obtain your goal?

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