Balance after 4 years = Planning to go back to
grad school, you invest
$10,000 to cover tuition.
If you invest at a rate of
8.5%, compounded
monthly, 4 years before
you attend school, how
much will you have to
pay for tuition?
Did you have enough? (Yes or No)
How much would you need to invest?
If tuition costs $15,000
did you invest enough
to cover this cost?
3
If no, exactly how much
would you have needed
to invest in order to
cover the $15,000
tuition?
0-20 AM