Parents wish to have $120,000 available for a child's

Last updated: 7/12/2022

Parents wish to have $120,000 available for a child's education. If the child is now 4 years old, how much money must be set aside at 3% compounded semiannually to meet their financial goal when the child is 18? Click the icon to view some finance formulas. The amount that should be set aside is $ (Round up to the nearest dollar.)