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Mathematics, 04.07.2019 11:30 wambold3

Hector's parents anticipate needing $80,000 when he is 18 for his college education. if he is 5 years old now, how much should they invest in an investment plan that pays 6.23% compounded quarterly? hector ended up getting a full scholarship. his parents agreed to let him draw the interest off the investment account each quarter (3 months) for expenses. how much will hector receive each quarter?

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Hector's parents anticipate needing $80,000 when he is 18 for his college education. if he is 5 year...

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