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(10 pts) 10. The Butlers are planning for their daughter's education. She is two years old and will start college in 16 years. How much

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(10 pts) 10. The Butlers are planning for their daughter's education. She is two years old and will start college in 16 years. How much will they have to set aside each year, beginning one year from today to have $500,000 when she starts college, if the interest rate is 7 percent? How much will the daughter be able to withdraw from the account each of her four years in college

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