The cost of a college education is currently 15000 per year, Ask an Expert

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The cost of a college education is currently $15,000 per year. The expected pected annual inflation rate over the next five years is 3%. How much money should be deposited at the end of each year for five years in an account earning 10% compounded quarterly so that the balance of the account after five years covers the cost of a college education?

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Financial Management, Finance

Category:- Financial Management
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