How much money do they need invest now to reach their goal

Reference no: EM13187539

The Fein family needs to have $35,000 available in 18 years when their son is ready for college. If they have decided to invest in a mutual fund that compounds interest continuously at 5.2%, how much money do they need to invest now to reach their goal?

Reference no: EM13187539

Questions Cloud

State krb pelle technique and solvents : KRB pelle technique, solvents, mulls, thin film plate technique. which one of the following methods is better

What was the salary before the increase in pay : an employee's new salary is $20,370 after getting a 5% raise. What was the salary before the increase in pay? Last years salary was $

Which credit card has the best deal : Victory Visa, Magnificent Master Card, and Amazing Express are credit card companies that charge different interest on overdue accounts. Victory Visa charges 26% compounded daily, Magnificent Master Card charges 28% compounded weekly, and Amazing ..

State what is the difference of the kbr specrtum : what is the difference of the KBR specrtum in % transmittance and absorbance. and btw wavenumber and wavelength

How much money do they need invest now to reach their goal : how much money do they need to invest now to reach their goal?

Explain what is the solubility : salt dissolves in 9.10g of water to give a saturated solution at 25C. What is the solubility (in g salt/100g of H2O)of the salt show work

Find the area of intersection : Find the area of intersection of r=3 and r=3-3cosθ

Why julie provides some time for leisure : Julie is getting ready for final exams. She has three exams during the first three days of the exam period. To prepare, she has outlined a schedule that includes reviewing for her first exam on one day, her next exam on the following day, and her ..

Find the expected value for each player : Two dice are rolled. If the total is 10, then player A receives 7 points. If the total is 6, then player B receives 6 points. Find the expected value for each player.

User Account

All Pages