The cost of a four-year private college education (after financial aid) has been estimated to be $50,000.t How large a trust fund, paying 4% compounded quarterly, must be established at a child's birth to ensure sufficient funds at age 18? (Round your answer to the nearest cent.)

A business must raise $80,000 in 7 years. What should be the size of the owners' quarterly payment to a sinking fund paying 2% compounded quarterly? (Round your answer to the nearest cent.)$

Hello, We are in the financial math chapter. You have an investment certificate that is currently worth $5,091 and has appreciated at a rate of 2.5% compounded annually over 5 years. a. What was the initial cost of the certificate? b. How much interest did the certificate earn?

What is the simple interest rate on a $1600 investment paying $580.32 interest in 11.7 years? % (round to the nearest tenth of a percent)

Hale College predicts that in 12 years it will take $200,000 to attend the college for four years. Hannah has a substantial amount of cash and wishes to invest a lump sum of money for her child’s college fund. How much should Hannah put aside in an account with an APR of 8% compounded monthly in order to have $200,000 in the account in 12 years? Round your answer to the nearest cent, if necessary.

What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it will grow to $70,000 for their son's college fund in 10 years? (Round your answer to the nearest cent.)$ =