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Finance Assignment | Top Essay Writing

Author:
March 17th, 2020

A married couple is trying to finance their three-year-old​son’s college education. Money can be deposited at 7​% compounded quarterly.

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What​ end-of-quarter deposit must be made from the​son’s 3 rd birthday to his 18th birthday to provide ​$61000 on each birthday from the 18th to the​ 21st? (Note that the first deposit comes three months after his 3 rd birthday and the last deposit is made on the date of the first​ withdrawal.)

what will be The amount of the quarterly deposits should be​? Get Finance homework help today

 

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