Wednesday, 28 February 2018

Your child will go to a private school starting in 4 years. The tuition for the school is $33210 per year, for 4 years


Your child will go to a private school starting in 4 years. The tuition for the school is $33210 per year, for 4 years starting in year 4. If the interest rate is 4% compounded annually, how much must you deposit today to just be able to fund the tuition?

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