Ashley needs to invest to help with her child's college fund. How much would she have to invest to have $79,400 after 12 years, assuming an interest rate of 2.16% compounded daily? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. Assume there are 365 days in each year. X
Ashley needs to invest to help with her child's college fund. How much would she have to invest to have $79,400 after 12 years, assuming an interest rate of 2.16% compounded daily? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. Assume there are 365 days in each year. X
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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Ashley needs to invest to help with her child's college fund. How much would she have to invest to have $79,400 after 12 years, assuming an interest
rate of 2.16% compounded daily?
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3
Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.
Assume there are 365 days in each year.
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