489,969 views
19 votes
19 votes
4. Your parents put $5000 in an account in 1994 for your collegeeducation. They did not add any money to the account as you grewup, because it cost so much to raise you!! If the account made 1.2%interest compounded monthly, would they have enough money to sendyou to college in 2012 if the college you want to attend is $10,000?

User Tin Megali
by
2.8k points

1 Answer

20 votes
20 votes

interest compounded monthly is


undefined

User Whlk
by
3.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.