How an account makes an annual rate

Reference no: EM13176694

A family decides to save for the college education of their kindegradener starting with her 6th birthday. They would ilike to have $40,000.00 at her 19th birthday. How much they should be putting aside in each birthday to accumulate this amount? The account makes an annual rate of 3.5% .

Reference no: EM13176694

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