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8.2.45 Question Help Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at a 12%

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8.2.45 Question Help Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at a 12% annual interest rate, compounded quarterly, in order to have $60,000 in the fund at the end of 15 years? They should deposit $ Round up to the nearest cont)

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