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(1 point) Grandparents for a newborn baby wish to invest enough money immediately to pay $10000 per year for four years toward college costs starting

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(1 point) Grandparents for a newborn baby wish to invest enough money immediately to pay $10000 per year for four years toward college costs starting at age 18. If the effective rate of interest is 6.5%, find the contribution of the grandparents. Answer = $

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