asked 111k views
4 votes
4. Your parents put $5000 in an account in 1994 for your collegeeducation. They did not add any money to the account as you grewup, because it cost so much to raise you!! If the account made 1.2%interest compounded monthly, would they have enough money to sendyou to college in 2012 if the college you want to attend is $10,000?

1 Answer

4 votes

interest compounded monthly is


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answered
User Harumi
by
8.5k points
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