When your daughter was born, you decided that you would start saving money for her college education, and you felt that you would like to have $50,000 by the time that she turns 18. If you can invest in a long-term account that pays 2%per year, paid quarterly, then how much should you invest quarterly to have the required amount in time for your daughter to go off to college?

Respuesta :

you will have to change 2% to percentage and you divide $50,000by 200