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How many years can pay for education

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Problem 1: Sally received and invested $57,642 from her parents to fund her post-secondary education. She would like to withdraw $5000 at the beginning of every quarter, starting today so that she can pay for tuition and books each semester. If her investment fund earns 2.95% compounded quarterly, for how many years can she pay for her education?

Reference no: EM132743782

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How many years can pay for education : Sally received and invested $57,642, If her investment fund earns 2.95% compounded quarterly, for how many years can she pay for her education?
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