6
QuizMultiple Choice

Annuities

Question 6 • FT GMS AMDM B IC – 72

Suppose that a family wants to start a college fund for their child. If you invest in an account that pays 5.5% and want the fund to have a value of $53,000 after 18 years, how much should you deposit monthly? Assume an annuity due. a.$142.98c.$143.49b.$143.30d.$145.52

Answer
A
A
B
B
C
C
D
D
Previous
Next