frances20
Oct 30, 2012, 02:55 AM
At the birth of her daughter, Teresa placed $6000 in a savings account to save for her daughter's college education. She wants to have $25,000 by the time her daughter is 18.
1. Teresa finds an investment that pays 7.2% compounded daily. Will this meet her investment goal?
1. Teresa finds an investment that pays 7.2% compounded daily. Will this meet her investment goal?