Nicholas is currently in eighth grade and intends

Nicholas is currently in eighth grade and intends

Question # 00151280 Posted By: kimwood Updated on: 12/13/2015 11:45 AM Due on: 01/12/2016
Subject Accounting Topic Accounting Tutorials:
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Nicholas is currently in eighth grade and intends to attend a state college when he finishes high school. Nicholas’s parents currently have some money invested in mutual funds, but would like to invest this money in a more secure investment now to pay for a college in 4 years. If they will need 25,000, how much do Nicholas’ parents have to invest now in a 48-month CD that has a rate of 4.59% compounded monthly?
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    Tutorial # 00145831 Posted By: kimwood Posted on: 12/13/2015 11:45 AM
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