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1. I am planning to invest $800 at the end of each month to my daughters college (starting at the end of this month) fund

1. I am planning to invest $800 at the end of each month to my daughters college (starting at the end of this month) fund that earns a 10% annual rate of return compounded monthly. Assuming that she starts college in exactly 5 years and will spend 4 years in college, how much tuition can she afford to pay at the beginning of each of her 4 years in college? (Round to nearest dollar)

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