Question

Parents wish to have $ 80 comma 000 available for a​ child's education. If the child is now 5 years​ old, how much money must be set aside at 5 % compounded semiannually to meet their financial goal when the child is​ 18?

The amount that should be set aside is ​$
=

Answer 1

Find 5% first then you can figure the rest out