Question

Parents wish to have $140,000 available for a child's education. If the child is now 6 years old, how much money must be set aside at 7% compounded semiannually to meet their financial goal when the child is 18? (Do not round until the final answer. Then round to the nearest cent as needed.)

Answer 1

Again, what formula is it?

Answer 2

umm...same as before?

Answer 3

Yep, can you try?

Answer 4

sure, can we compare answers?

Answer 5

That's what I want to hear :)

Answer 6

okay, I have ntohing. I think I found something else lol

Answer 7

wait i might know it

Answer 8

did you get... 138829.33

Answer 9

$ 61,314

Answer 10

oh..hmm..

Answer 11

yay passed! so glad I checked with you first!

Answer 12

Of course, I have the correct answer, because I help so many askers here!

Answer 13

Don't forget click on "Best Answer" after you receive the help!

Answer 14

haha I won't forget!