Multiple Choice
You have saved $120,000 for your child to attend college.If it is in an account earning an annual rate of 8%,how much can you take out in equal payments at the end of each of the next four years to pay for their education?
A) $30,000.00
B) $38,745.67
C) $36,230.50
D) $41,245.78
Correct Answer:
Verified
Correct Answer:
Verified
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