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How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made an account with quarterl…

How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made an account with quarterl…
asked 59.3k views
4 votes
How much must be deposited today into the following account in order to have a $125,000 college fund in 17 years? assume no additional deposits are made

an account with quarterly compounding and an APR of 6.8%

asked
User Khawar Islam
by
9.4k points

2 Answers

2 votes
$17,857.14

Hope it helps
answered
User Sergio B
by
8.4k points
3 votes
7352.94 dollars a year 
answered
User Luke Hammer
by
7.6k points
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