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 $85,000 in 13 years?
FV=85000; R=0.06/12; N=13*12;PMT = FV*(((1 + R)^N - 1)^-1* R);print" PMT =$",PMT
Monthly Pmt =$ 361.01
