Mathematics, 28.10.2020 22:50 gporter9200

A family is saving for their child's education. They want to have $80,000 eighteen years from now . a.) How much do they need to deposit each month into an account earning 7.2% interest compounded monthly?

b.) What is the interest earned on the account?

A family is saving for their child's education. They want to have $80,000 eighteen years from now .

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A family is saving for their child's education. They want to have $80,000 eighteen years from now . a.) How much do they need to deposit each month into an account earning 7.2% interest compounded monthly? b.) What is the interest earned on the account?

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Another question on Mathematics

A family is saving for their child's education. They want to have $80,000 eighteen years from now . a.) How much do they need to deposit each month into an account earning 7.2% interest compounded monthly?

b.) What is the interest earned on the account?