Essay
In order to send your first child to Law School when the time comes,you want to accumulate $40,000 at the end of 18 years.Assuming that your savings account will pay 6% compounded annually,how much would you have to deposit if:
A)You want to deposit an equal amount at the end of each year?
B)You want to deposit one large lump sum today?
Correct Answer:
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A.$1,294.2...View Answer
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