Poinis: 0 of 1 Your cousin is currently 11 years old. She will...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Poinis: of Your cousin is currently years old. She will be going to college in years. Your aunt and uncle would like to have $ in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of per year, how much money do they need to put into the account today to ensure that they will have $ in years? The amount they need to put away today is $ Round to the nearest cent. 
Poinis: of
Your cousin is currently years old. She will be going to college in years. Your aunt and uncle would like to have $ in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of per year, how much money do they need to put into the account today to ensure that they will have $ in years?
The amount they need to put away today is $
Round to the nearest cent.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.