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2-7 You estimate that college for your child will cost $72,000 in sixteen years, so you realize you need to invest to pay for this.

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You estimate that college for your child will cost $72,000 in sixteen years, so you realize you need to invest to pay for this. If you can earn five percent compounded annually, how much do you need to invest today? $29,753 B $32,984 $34,633 $43,637

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