2. You are saving for your child's college education. You will need tuition, which will be $30,000 each year for 4 years
Posted: Sun Jul 03, 2022 6:49 am
2. You are saving for your child's college education. You will need tuition, which will be $30,000 each year for 4 years, with the first tuition payment due 10 years from today. You decide to make 10 equal payments into a bank account that earns 5% beginning 1 year from today. What will the payments be?