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A couple is planning to finance its three - year - old son's university education. Money can be deposited at 1 1 % compounded quarterly.
A couple is planning to finance its threeyearold son's university education. Money can be deposited at compounded quarterly. What quarterly deposit must be made from the son's rd birthday to his th birthday to provide $ on each birthday from the th to the stNote that the first deposit is made three months after the rd birthday and the last deposit is made on the date of the first withdrawal. keep decimal places Answer:
A couple is planning to finance its threeyearold son's university education. Money can be deposited at
compounded quarterly. What quarterly deposit must be made from the son's rd birthday to his th
birthday to provide $ on each birthday from the th to the stNote that the first deposit is made
three months after the rd birthday and the last deposit is made on the date of the first withdrawal.
keep decimal places
Answer:
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