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1. You would like to give your daughter $50,000 towards her college education sixteen years from now. How much money must you set aside today

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1. You would like to give your daughter $50,000 towards her college education sixteen years from now. How much money must you set aside today for this purpose if you can earn 7.8% on your funds 2. Jasdeep puts $35,000 into a bank account earning 4%. She can't withdraw the money until the balance has doubled. How many years will she have to leave the money in the account? 5:09 p.m

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