Mr Chan’s son is three years old now and will be going to college in 15 years. Mr Chan would like to have $625,000 in a savings account to fund his education at that time. If the account promises to pay a fixed interest rate of 3% per year, how much money does Mr Chan need to put in the account today to ensure that he will have $625,000 in 15 years?
https://www.yourtechnicaltutors.com/wp-content/uploads/2020/07/log-300x75.png 0 0 yttadmin https://www.yourtechnicaltutors.com/wp-content/uploads/2020/07/log-300x75.png yttadmin2020-07-08 07:03:132020-07-08 07:03:13Mr Chan’s son is three years old now and will be going to college in 15 years. Mr Chan would like to