Mathematics, 07.04.2021 01:00 Svetakotok

Soojeong estimates that it is going to take $180,000 to send her new born baby to college. She would like to start an annuity so that she can have $180,000 after 18 years. If the account earns 5.5% interest compounded monthly, how much must she put in each month?

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Soojeong estimates that it is going to take $180,000 to send her new born baby to college. She would...