The college education at a public university is projected to be for
years.
Rate of interest is compunded monthly.
Rate of interest per payment period is per month.
Number of comtributions can be made in years are
Find the amount contributed every month.
\Amount of an Annuity after deposits is
, where
is the deposit in dollars,
is the percent interest per payment period.
.
The amount deposited for the education of child is .
The amount deposited for the education of child is .