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1. Mr. and Mrs. Tran are expecting a baby girl in a few days. They want to put away money for her college education now.

1. Mr. and Mrs. Tran are expecting a baby girl in a few days. They want to put away money for her college education now. How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years to pay for their daughter's educational expenses?

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