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1. A family wishes to accumulate $300,000 in a college education fund by the end of 15 years from now. They will make a deposit

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1. A family wishes to accumulate $300,000 in a college education fund by the end of 15 years from now. They will make a deposit at the end of each month into a fund for the next 15 years and they currently have $10,000 invested. The APR for the fund is expected to be 6%. Find the required monthly deposit that will allow them to reach their goals. Structure the a flexible model below that allows for changes in the inputs. INPUTS Desired amount years to college amount invested Annual rate OUTPUTS Required Monthly Deposit Future value of the monthly deposits

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