Your elder child is one year old at present while he will begin he's college at 18th years. For advance deposit of his college fee will start to accumulate $1000 per month in a bank account when your elder child arrives at 5 years old. If the applicable interest rate is 15%, what is the price of the college. Please answer in a handwritten format.

Your elder child is one year old at present while he will begin he's college at 18th years. For advance deposit of his college fee will start to accumulate $1000 per month in a bank account when your elder child arrives at 5 years old. If the applicable interest rate is 15%, what is the price of the college. Please answer in a handwritten format.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 1MYW

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