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11815/dockdown Tyron is planning for his son's college education to begin ten years from today. For a four-year degree, he estimates the yearly tuition, books,

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11815/dockdown Tyron is planning for his son's college education to begin ten years from today. For a four-year degree, he estimates the yearly tuition, books, and living expenses to be $10,000 payable at the end of each year after starting college. Assume an interest rate of 8.5 percent a) How much does he needs to have in savings at the time his son starts college? b) How much must Tyron deposit at the end of each year for the following ten years (the ten years before his son starts college) in order to cover the annual college expenses during the four college years? HTML Editora

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