Gwen and James plan to send their son to university To pay

Last updated: 2/19/2023

Gwen and James plan to send their son to university To pay for this they will contribute 8 equal yearly payments to an account bearing interest at the APR of 2 9 compounded annually Five years after their last contribution they will begin the first of five yearly withdrawals of 47 900 to pay the university s bills How large must their yearly contributions be