Mathematics, 18.04.2021 02:40 t0ri21
Jim and Dianna want to save for their child’s college expenses. They find an annuity that pays 6% annual interest, compounded monthly. If they invest in this annuity by contributing $300 per month for 10 years, how much money will they have for the college expenses?
Round your answer to the nearest hundred dollars.
Do NOT round until you have calculated the final answer.
Answers: 1
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Jim and Dianna want to save for their child’s college expenses. They find an annuity that pays 6% an...
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