Zivele Zivele
  • 20-09-2022
  • Mathematics
contestada

.1. I am setting up a fund for my son to go to college. I figure that he will need R50 000 by the time he is old enough to go to college. I found an account that pays 5.75% compounded monthly.
(a) How much will my monthly payment be to get my son set up for college in 17 years?​

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