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How much money do you need to deposit monthly into a college fund for your new baby in order to have $150.000 by the time they are 18 years old if you earn 6% annual interest?

How much money do you need to deposit monthly into a college fund for your new baby in order to have $150.000 by the time they are 18 years old if you earn 6% annual interest?
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16 votes
How much money do you need to deposit monthly into a college fund for

your new baby in order to have $150.000 by the time they are 18 years
old if you earn 6% annual interest?

User ATMathew
by
8.0k points

1 Answer

12 votes

Answer:

im guessing its supposed to be 150,000 so it would be $1,656.25 per month

Explanation:

User Safia
by
9.2k points
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