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A couple just had a baby. How much should they invest now at 5.8% compounded daily in order to have $40,000 for the child's education

A couple just had a baby. How much should they invest now at 5.8% compounded daily in order to have $40,000 for the child's education 18 years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.)

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