Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and, as of 20 April 2021 (Eastern Time), the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Math problem!! Help?

your son will be attending an expensive university in 12 years you deposit $5000 per year for 12 years beginning today how much money will be in the college fund 12 years from now if the fund earns 8% per year

3 Answers

  • fcas80
    Lv 7
    1 month ago

    Future value FV = P * ( (1+i)^n - 1 ) / i

    5000 * (1.08^12 - 1)/.08 = 94885.63

  • Anonymous
    1 month ago

    move to homework help. damn cheater

  • Lisa A
    Lv 7
    1 month ago

    None. Because your fake broker promising you 8% will have absconded with all of your money.

Still have questions? Get answers by asking now.