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Suppose you want your sons college fund to contain 135,000.00 after 13 years. If you can get an APR of 8.7% compounded monthly. How much should you deposit at the end of each mo…

Suppose you want your sons college fund to contain 135,000.00 after 13 years. If you can get an APR of 8.7% compounded monthly. How much should you deposit at the end of each mo…
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Suppose you want your sons college fund to contain 135,000.00 after 13 years. If you can get an APR of 8.7% compounded monthly. How much should you deposit at the end of each month?

asked
User Alexandr Kovalenko
by
7.8k points

1 Answer

4 votes

ANSWER

45,640.49

Step-by-step explanation

answered
User SKSK
by
8.1k points
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