I need to solve the word problem below, but I do not know how I need to write out the equation. Christine would like to have at least $300,000 saved…

Published by admin at September 13, 2023

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I need to solve the word problem below, but I do not know how I need to write out the equation.

Christine would like to have at least $300,000 saved for her daughter’s college education. If she invests $98,000 in an education account paying 6.35% interest compounded quarterly, will she reach her goal in 18 years? Show all work to justify your answer and include appropriate units.

I need to solve the word problem below, but I do not know how I need to write out the equation. Christine would like to have at least $300,000 saved…

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