Problembeginning three months from now you want to be able, Ask an Expert

Finance

Problem:

Beginning three months from now, you want to be able to withdraw $3,500 each quarter from your bank account to cover college expenses over the next four years

Required:

If the account pays .75 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? Explain in detail please provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146020

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