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You are saving for your child's university education. It is her 1st birthday today. She will start ...

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You are saving for your child's university education. It is her 1st birthday today. She will start ...

You are saving for your child's university education. It is her 1st birthday today. She will start university just after her 19th birthday. You are going to save $2,000 per year each year starting today and ending on her 18th birthday. If you expect to earn a rate of 5% in the savings account, then how much will you have saved by her 19th birthday?
A) $56,264.77
B) $59,078.01
C) $61,078.01
D) $64,131,91
E) $54,264.77

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Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

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We're using: Corporate Finance Online (Eakins, McNally)

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Blimp

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More solutions for this book are available here

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Pol. Sci. Major
Minoring in Business
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bigexternal Author

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7 years ago

Firstly, thank you for responding
Secondly, ur right!

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We're using: Corporate Finance Online (Eakins, McNally)

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