dxnimxriee
26.02.2022 •
Business
A man wants to help provide a college education for his young daughter. He can afford to invest $600/yr for the next four years, begininng on the girl's 4th birthday. He wishes to give his daughter $4000 on her 18th, 19th, and 21st birthdays, for a total of $16,000. Assuming 5% interest, what uniform annual investment will he have to make on the girl's 8th through 17th birthdays?
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