For their daughter's future education David and Bonnie set a fund in which they invest at the end of every six months. The first investment is $100 and they plan to increase their investments at a constant rate of 0.5%. If the fund earns 2 .4% compounded semi-annually, how much money will be in the fund in 16 years when their daughter goes to college?

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The Answer of For their daughter's future education David and Bonnie set a fund in which they invest at the end of every six months. The first investment is $100 and they plan to increase their investments at a constant rate of 0.5%. If the fund earns 2 .4% compounded semi-annually, how much money will be in the fund in 16 years when their daughter goes to college?

For Their Daughter's Future Education David and Bonnie Set a Fund