Sinking Fund For a child born in 2018 , the cost of a 4 - year college education at a public university is projected to be $ 185 , 000. Assuming a 4.75 % per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have $ 185 , 000 in 18 years when the child begins the college?
Sinking Fund For a child born in 2018 , the cost of a 4 - year college education at a public university is projected to be $ 185 , 000. Assuming a 4.75 % per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have $ 185 , 000 in 18 years when the child begins the college?
Solution Summary: The author calculates the amount which must be contributed to a college fund every month to have 185000 in 18 years when the child begins college.
Sinking Fund For a child born in
2018
, the cost of a
4
- year college education at a public university is projected to be
$
185
,
000.
Assuming a
4.75
%
per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have
$
185
,
000
in
18
years when the child begins the college?
A 20 foot ladder rests on level ground; its head (top) is against a vertical wall. The bottom of the ladder begins by being 12 feet from the wall but begins moving away at the rate of 0.1 feet per second. At what rate is the top of the ladder slipping down the wall? You may use a calculator.
Explain the focus and reasons for establishment of 12.4.1(root test) and 12.4.2(ratio test)
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