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Chau plans to set aside money for his young daughter s college tuition He will...

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Basic Math

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Chau plans to set aside money for his young daughter s college tuition He will deposit money in an ordinary annuity that earns 3 6 interest compounded monthly Deposits will be made at the end of each month How much money does he need to deposit into the annuity each month for the annuity to have a total value of 71 000 after 14 years Do not round intermediate computations and round your final answer to the nearest cent If necessary refer to the list of financial formulas 0

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