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Future Value

Me and my husband set aside $10,000 for college tuition when our daughter is 13, how much will be available when she starts college at 18 if the account in which the money is deposited pays 12 percent compounded monthly.

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Me and my husband set aside $10,000 for college tuition when our daughter is 13, how much will be available when she starts college at 18 if the account in which the money is ...

Solution Summary

Calculates Future Value of a sum of money using monthly compounding.

$2.19