You would like to have $200,000 in a college fund in 15 years. How much do you need today if you expect to earn 12% while you are investing to pay for your child's college?

$36,529.26

Step-by-step explanation:

To find the answer, you need to use the formula to calculate the present value:

PV=FV/(1+i)^n, where:

PV= present value

FV= future value= $200,000

i= interest rate= 12%

n= number of periods of time= 15

Now, you have to replace the values in the formula:

PV=200,000/(1+0.12)^15

PV=200,000/(1.12)^15

PV=36,539.26

According to this, the answer is that you need $36,529.26 today.

x= 149. 24+7=31. 180-31=149

your welcome

part a

in a city ice cream is mostly only bought when the temperature is very high as ice cream cools down our

so we can derive the conclusion that as the temperature increases the number of ice creams sold also increases

part b

y intercept is 5

slope is 2

happy to

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