Colinrsquos grandparents want to make a gift of 50000


Colin’s grandparents want to make a gift of $50,000 towards his college education fund in 12 years. How much money would they have to deposit today in an account that accrues interest monthly if the rate quoted by the bank is 6 percent?

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Financial Management: Colinrsquos grandparents want to make a gift of 50000
Reference No:- TGS01412273

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