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7. Parents want $150,000 eighteen years from now for their child's college education. At 1.25 % interest, how much money must they deposit today to

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7. Parents want $150,000 eighteen years from now for their child's college education. At 1.25 % interest, how much money must they deposit today to reach their goal? The interest is compounded semi- annually. 8. Find the rate of a simple interest account, if the deposit of $2000 grew to $2,500 in 3 years

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