Register

How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made an account with quarterl…

How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made an account with quarterl…
59.3k views
4 votes
How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made

an account with quarterly compounding and an APR of 6.8%

User Khawar Islam
by
9.4k points

2 Answers

2 votes
$17,857.14

Hope it helps
User Sergio B
by
8.4k points
3 votes
7352.94 dollars a year 
User Luke Hammer
by
7.6k points
← Prev Question Next Question →

Related questions

User Vinod Joshi
asked Jan 14, 2023 52.5k views
how much must be deposited today to have $45,000 in 5 years with a quarterly compounding and an APR of 7.3%
Vinod Joshi asked Jan 14, 2023
by Vinod Joshi
8.5k points
1 answer
0 votes
52.5k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!