Hector and Yolanda want to establish a fund for their grandson’s college education. What lump sum must they deposit at a 9.3% annual interest rate, compounded quarterly, in order to have $60,000 in the fund at the end of 15 years?
Hector and Yolanda want to establish a fund for
their grandson’s college education. What lump sum must they deposit at a 9.3% annual interest rate, compounded quarterly, in order to have $60,000 in the fund at the end of 15 years?
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