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14. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago

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14. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount? A. $952.46 B. $1,600.00 C. $1,728.08 D. $3,973.11

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