This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sarah plans to contribute monthly to a savings account for her daughter's college education. Her ... (Read 2256 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: May 5, 2020
Sarah plans to contribute monthly to a savings account for her daughter's college education. Her goal is $300,000 in 20 years. Assume the APR is 5.4% compounded monthly and contributions are made monthly at the end of each month, including the last month. What amount does Sarah need to contribute each month? Round your answer to the nearest cent.
◦ $696.75
◦ $688.66
◦ $459.57
◦ $756.95
◦ $642.81
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nummyann on May 5, 2020

dominiqueenicolee

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


victoria brandt

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 30, 2022
thanks!


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

When parents actively support higher education, their children achieve more in their future careers. When parents actively support higher education, their children achieve more in their future careers.
Who Ends Up Poor? Poverty by Education and Race-Ethnicity Who Ends Up Poor? Poverty by Education and Race-Ethnicity
With fewer men than women in college, is it time to consider affirmative action for men? With fewer men than women in college, is it time to consider affirmative action for men?
Community colleges have opened higher education to millions of students who would not otherwise have ... Community colleges have opened higher education to millions of students who would not otherwise have ...
Mean Monthly Temperatures for Two Locations in Canada Mean Monthly Temperatures for Two Locations in Canada
Education is not the learning of facts, but the training of minds to think Education is not the learning of facts, but the training of minds to think
Video: Conjunctivitis

For a complete list of videos, visit our video library