Mathematics, 08.12.2021 17:40 riiba002

Suppose that a family wants to start a college fund for their child. If they can get a rate of 7. 5%, compounded monthly, and want the fund to have a value of $75,000 after 18 years, how much should they deposit monthly? Assume an ordinary annuity and round to the nearest cent. A. $164. 98 b. $165. 30 c. $166. 21 d. $167. 52.

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Suppose that a family wants to start a college fund for their child. If they can get a rate of 7. 5%...