To help with his child's college fund, Ravi needs to invest. Assuming an interest rate of 2.23% compounded quarterly, how much would he have to invest to have s94,300 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. ?

To help with his child's college fund, Ravi needs to invest. Assuming an interest rate of 2.23% compounded quarterly, how much would he have to invest to have s94,300 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. ?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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