Mathematics, 29.05.2020 23:04 krystalhurst97

Suppose that 15 years ago, a benefactor set up an account for your education. This benefactor made a single deposit of $20,000 that has been earning 6% interest compounded monthly. Since the deposit 15 years ago, no money has been added to or taken from the account. Will this account be sufficient to cover tuition for all four years that you will be in school? (Answer this question using the school that you chose for parts C and D and the formula given below.) Make sure that the “time in years” that you use is 15 years + the number of years you will be at school.

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Suppose that 15 years ago, a benefactor set up an account for your education. This benefactor made a...