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(1 point) A family would like to create a college fund for their three children. Their children will make one-time withdrawals of 50,000 each exactly

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(1 point) A family would like to create a college fund for their three children. Their children will make one-time withdrawals of 50,000 each exactly 11 years, 15 years, and 17 years from now. If the fund earns an annual effective interest rate of 7.7 %, how much should they invest now

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