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3. (10 points) A parent is starting college fund for their child to attend college starting in 15 years. They are considering using a mutual

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3. (10 points) A parent is starting college fund for their child to attend college starting in 15 years. They are considering using a mutual lnd which provides 6% annual returns. If the fund is expected to provide $30,000 per year for 4 years, how much must the parent invest today

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