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Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 6 %. How much should you deposit monthly to accumulate ​$85,000 in 13 ​years?

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 Apr 25, 2020
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FV=85000; R=0.06/12; N=13*12;PMT = FV*(((1 + R)^N - 1)^-1* R);print" PMT =$",PMT


 Monthly Pmt =$ 361.01

 Apr 25, 2020

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