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Murljashka [212]
2 years ago
15

Suppose that a family wants to start a college fund for their child. If you invest in an account that pays 5.5% and want the fun

d to have a value of $53,000 after 18 years, how much should you deposit monthly? Assume an annuity due.
Mathematics
1 answer:
vazorg [7]2 years ago
7 0
The answer is 17040.34
Check the annuity due formula
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skad [1K]
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san4es73 [151]

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Step-by-step explanation:

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Answer:

<em>2√15 is your answer </em><em>.</em><em> </em><em>Hope</em><em> </em><em>this</em><em> </em><em>helps</em><em> </em><em>you</em><em>.</em>

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