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2-4 Time Value of Money You want to begin a college fund for your newborn child and you hope to accumulate $ 30,000 by

2-4 Time Value of Money You want to begin a college fund for your newborn child and you hope to accumulate $ 30,000 by 18 years from now. If a current investment opportunity is guaranteed to yield 7 %, how much must you invest (in a lump sum now) to realize the $ 30,000 when desired in 18 years?

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