A family want to have a $213,000.00 higher education fund for their children at the end of 19 years. How much should they contribute at the end of quarterly if they can get 6.1% compounded quarterly on their investment? If needed, round to 2 decimal places. The quarterly payments are $

A family want to have a $213,000.00 higher education fund for their children at the end of 19 years. How much should they contribute at the end of quarterly if they can get 6.1% compounded quarterly on their investment? If needed, round to 2 decimal places. The quarterly payments are $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 22P

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A family want to have a $213,000.00 higher education fund for their children at the end of 19
years. How much should they contribute at the end of quarterly if they can get 6.1% compounded
quarterly on their investment? If needed, round to 2 decimal places.
The quarterly payments are $
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