Homework answers / question archive / You have $50,000 invested in an account paying 3

You have $50,000 invested in an account paying 3

Finance

Share With

You have $50,000 invested in an account paying 3.50%. If you just finished paying your total college expenses for the coming year and your college costs $19,000 per year, how many years will your money last? (Treat your costs like an annuity with the first payment one year from today.)

Answer should be typed