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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asked Sep 27, 2022 193k views

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?

Mathematics
college

ATMathew asked

by ATMathew

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1 Answer

12 votes

Answer:

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

Explanation:

Safia answered Oct 1, 2022

by Safia

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