katerin5133
08.09.2020 •
Mathematics
Revere College predicts that in 6 years it will take $150,000 to attend the college for four years. Alexis has a substantial amount of cash
and wishes to invest a lump sum of money for her child's college fund. How much should Alexis put aside in an account with an APR of
11% compounded monthly in order to have $150,000 in the account in 6 years? Round your answer to the nearest cent, if necessary
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