Art, Music, and Creative Writing homework help
Art, Music, and Creative Writing homework help. Joe wants to set one lump sum of money aside today to pay for his child’s college education, which will occur in 15 years and cost $50,000. If the current 15 year interest rate is 7%, then how much does Joe need to set aside today?a. $18,122b. $137,952c. $3,333d. $18,797