How much do you need to have in your account

Reference no: EM131944534

Question: Beginning three months from now, you want to be able to withdraw $1,000 each quarter from your bank account to cover college expenses over the next 4 years. If your account earns 3%, how much do you need to have in your account today to meet your expenses over the next 4 years?

Reference no: EM131944534

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