To save for their child's college education, parents put $\$ 100$ at the beginning of each month into an account that pays $4 \%$ annual interest, compounded monthly. How much will they have saved if they do this for 18 years? Round to the nearest cent.

Question

Quizplus · Accepted Answer

The Answer of To save for their child's college education, parents put $\$ 100$ at the beginning of each month into an account that pays $4 \%$ annual interest, compounded monthly. How much will they have saved if they do this for 18 years? Round to the nearest cent.

To Save for Their Child's College Education, Parents Put $100\$ 100$100

To Save for Their Child's College Education, Parents Put $\$ 100$