6
QuizMultiple Choice

Topic Test

Question 6 • FT GMS AMDM B IC – 72

Suppose that a family wants to start a college fund for their child. If you can get an APR of 7.5% and want the fund to have a value of $75,000 after 18 years, how much should you deposit monthly? Assume an ordinary annuity.a.$164.98c.$166.21b.$165.30d.$167.52

Answer
A
A
B
B
C
C
D
D
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Suppose that a family wants to start a college…