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7) A couple is planning to finance its three-year-old son's university education. Money can be deposited at 8% compounded quarterly. What quarterly deposit must be

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7) A couple is planning to finance its three-year-old son's university education. Money can be deposited at 8% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $75,000 on each birthday from the 18th to the 21st? Note that the last deposit is made on the date of the first withdrawal.)

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