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5. Assume a family wants to have $80,000 10 years from now as a college education fund for their child. a. How much money would

5. Assume a family wants to have $80,000 10 years from now as a college education fund for their child. a. How much money would they have to invest today at 6% compound interest? At 8%? b. How much would have to be invested annually at 6% compound interest? At 8%?

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