Suppose you want your daughters college fund to contain $125,000 after 14 years. If you can get 7.8% compounded monthly, how much should you deposit at the end of each month?

Therefore I should deposit $412.50 at the end of each month.

Step-by-step explanation:

Given that, I want my daughters college fund to contain$125,000 after 14 year. The rate of interest 7.8% compounded monthly.

To find the the deposit, we use the following formula

A = amount=$125,000

P= principal =?

r= rate of interest= 7.8%=0.078

n=12 [compounded monthly]

t= 14 years

⇒P=$412.50(approx)

Therefore I should deposit $412.50 at the end of each month.

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step-by-step explanation:

egge

in simplified version   it would be x ≤-4

step-by-step explanation:

multiply each term in x ≤-4 by -1