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7) You are expecting twins and want to have $500,000 by the time your two kids go to college. You believe you can earn a

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7) You are expecting twins and want to have $500,000 by the time your two kids go to college. You believe you can earn a return of 7%/year. You have nothing saved up. But you can contribute $8,000 each year going forward. How many years will it take you to grow your money to $500,000

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