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Points: HARMATHAP12 6.2.011. What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years? Need Help? HARMATHAP12 6.2.011. What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years? Need Help?

Name: points harmathap12 62011 what lump sum do parents need to deposit in an account earning 7 compounded monthly so that it will grow to 90000 for their sons college fund in 14 years need help h 50691
Uploaded: 2023-05-01T19:41:31-08:00
Duration: 1 min 47 s
Channel: Kathleen Carty
Description: points harmathap12 62011 what lump sum do parents need to deposit in an account earning 7 compounded monthly so that it will grow to 90000 for their sons college fund in 14 years need help h 50691

          Points:
HARMATHAP12 6.2.011.

What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years?

Need Help?

HARMATHAP12 6.2.011.

What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years?

Need Help?

points harmathap12 62011 what lump sum do parents need to deposit in an account earning 7 compounded monthly so that it will grow to 90000 for their sons college fund in 14 years need help h 50691

Added by Lori D.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Kathleen Carty

05/01/2023

Step 1

07 - Number of compounding periods per year (n) = 12 (compounded monthly) - Number of years (t) = 14 Show more…

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Points: HARMATHAP12 6.2.011. What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years? Need Help? HARMATHAP12 6.2.011. What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years? Need Help?