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Mathematics, 18.09.2021 20:50 gracelong4326

1. Jesse estimates that it will cost $300,000 to send his newborn son to a private college in 18 years. He currently has $65,000 to deposit in an account.
a. What simple interest rate would he need so that $65,000 grows into $300,000
in 18 years? Round to the nearest percent. 20%
b. How much would the account earn in three years if the interest was
compounded yearly?
I
C. Look at the table below showing activity for five months. Fill in the missing
information showing the account compounded monthly.

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