Mathematics, 23.07.2019 07:30 leslyrivera11

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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