Solve the problem. Round to the nearest cent. You intend to create a college fund for your baby. If you can get an interest rate of 5.3% compounded monthly and want the fund to have a value of $123,875 after 17 years, how much should you deposit each month?
A. $375.46

B. $413.01

C. $319.14

D. $7032.70

Question

Solve the problem. Round to the nearest cent. You intend to create a college fund for your baby. If you can get an interest rate of 5.3% compounded monthly and want the fund to have a value of $123,875 after 17 years, how much should you deposit each month? 
 A. $375.46  
 
 B. $413.01  
 
 C. $319.14  
 
 D. $7032.70

anonymous · Answer

@manie1122 just a suggestion, but as you can see your questions are going unanswered.  the reason is probably that they each require some sort of formula, which you should have.  if you posted the formula along with the question,  i am sure you would get a response

anonymous · Answer

ok thank u