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Parents wish to have 140,000 available for a child's education. If the child is now 5 years old, how much money must be set aside at 7% compounded semi annually to meet their financial goal when the child
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Parents wish to have 140,000 available for a child's education. If the child is now 5 years old, how much money must be set aside at 7% compounded semi annually to meet their financial goal when the child is 18?

User Shee
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5 votes
$196.00 because 140,000 divided by 5 times 0.7=
User Joshua Foxworth
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