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27. Jim and Caren have set aside $15,000 for their daughters college education needs. They wish to have $50,000 in the account in 16 years

27. Jim and Caren have set aside $15,000 for their daughters college education needs. They wish to have $50,000 in the account in 16 years when she enters college. Based on a growth rate of 6% after-tax per year compounded annually, will they have enough to accomplish first goal?

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