[FONT="]A father has saved a fund to provide for his son's 4-year university program. The fund will pay $6310 at the end of each months for 6 months (the begin on September), plus an extra $9400 each September 1st, for 4 years. If j[/FONT]4[FONT="] = 11.34 %, what is the value of the fund on the first day of university (before any withdrawals)?
Please help, I would really appreciate it [/FONT]
Please help, I would really appreciate it [/FONT]