Solution-Question regarding the interest compounded

Question regarding the interest compounded quarterly

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Don wants to have at least $280,000 saved up for son's college. If the investment is $90,000 in a savings account with 6% interest compounded quarterly, will they reach the goal in 18 years? Please show how.

Reference no: EM131093022

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Question regarding the interest compounded quarterly : Don wants to have at least $280,000 saved up for son's college. If the investment is $90,000 in a savings account with 6% interest compounded quarterly, will they reach the goal in 18 years? Please show how.

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Question regarding the interest compounded quarterly

Reference no: EM131093022

Reference no: EM131093022

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