How much will you need to invest at the end of each year in


You have a new born daughter and planning to accumulate $400,000 for your daughter’s college education in 18 years. Assuming you earn 8 percent on your investment, how much will you need to invest at the end of each year in equal amount for 18 years to accumulate 400,000?

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Financial Management: How much will you need to invest at the end of each year in
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