bisonoyensi1 bisonoyensi1

21-09-2022
Mathematics

contestada

Suppose that a family wants to start a college fund for their child.
It they can get a rate of 5.2%, compounded monthly,
and want the fund to have a value of $55,500 after 20 years, how much should they deposit monthly? Assume an
ordinary annuity and round to the nearest cent.
A 1131.93
b. $2,662.49
c. $1,643.30
d. $3,446.64

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idontknospsm6779 idontknospsm6779

21-09-2022

The answer would be 20 because of how much money you are making off the deopsit off of 20 years all by itself with a rate

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