For a child born in 1996, the cost of a 4-year college education at a public university
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For a child born in 1996, the cost of a 4-year college education at a public university is projected to be $150,000. Assuming an 8% per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have $150,000 in 18 years when the child begins college?
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This is an ordinary annuity with A 150...View the full answer
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