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You intend to create a college fund for your baby.  If you can get an APR of   4.25%...

You intend to create a college fund for your baby.  If you can get an APR of   4.25% with monthly compounding and want the fund to have a value of  150,000 after 18 years, how much should you deposit monthly?

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Answer #1

12x100 Here monthly interest rate (o)= 4.25 Number of months (h) = 18812 Rotal amounts after 18 years (A) = 150000 & het in b

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