Business, 03.12.2019 18:31 Mikey5329

Anew mother wants to establish a college education fund for her newborn child. she wants this fund to be worth $100,000 in 18 years. a. if she invests $75 per month, what is the minimum rate of return she would need to earn on her investment? assume monthly compounding. (hint: consider using the future value function fv( ) in your spreadsheet.) round your answer to one decimal place.

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