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17 (1 point) TVM Question: Assume that you have a 4-year-old son and want to have $150,000 in his college fund when he starts college.

17 (1 point) TVM Question: Assume that you have a 4-year-old son and want to have $150,000 in his college fund when he starts college. You expect to earn an 8% return on his college-fund investments. If you want to deposit a single amount now, how much do you need to invest today to have $150,000 when he starts college 14 years from now? $51,069 $440,579 $10,714 $89,135

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