Abby and George are setting up a college fund for their newborn daughter and want to have $150,000 in the account after 18 years, when she graduates from high school. How much should they deposit into an account paying 8.1%, compounded weekly, to reach this goal? Group of answer choices $36,917.20 $643,872.62

Abby and George are setting up a college fund for their newborn daughter and want to have $150,000 in the account after 18 years, when she graduates from high school. How much should they deposit into an account paying 8.1%, compounded weekly, to reach this goal? Group of answer choices $36,917.20 $643,872.62

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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