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A couple just had a baby. How much should they invest now at 5.2% compounded daily in order to have $50,000 for the childs education
A couple just had a baby. How much should they invest now at 5.2% compounded daily in order to have $50,000 for the childs education 17 years from now? Compute the answer to the nearest dollar. Assume a 365 days a year.
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