Mathematics, 26.11.2021 21:30 jdkrisdaimcc11

Suppose that a family wants to start a college fund for their child. If they can get a rate of 5. 5% , compounded monthly, and want the fund to have a value of $35,450 after 20 years, how much should they deposit monthly? Assume an ordinary annuity and round to the nearest cent. A. $81. 38 b. $80. 01 c. $11,829. 97 d. $11,776. 0.

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Suppose that a family wants to start a college fund for their child. If they can get a rate of 5. 5%...