Rebecca Gladyn plans to attend graduate school in 5 years.She thinks that she will need a total of $32,000 to pay for school,and she wants to save money each month to reach her goal.What type of computation should she use?

Question

Quizplus · Accepted Answer

To save money each month to reach her goal, Rebecca needs to compute the future value of an annuity, which will give her the amount of money she needs to save each month to reach her goal of $32,000 in 5 years.

Rebecca Gladyn Plans to Attend Graduate School in 5 Years