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A couple just had a baby. How much should they invest now at 5.4 % compounded daily in order to have $ 40,000 for thechild's

A couple just had a baby. How much should they invest now at 5.4% compounded daily in order to have $40,000 for thechild's education 18 years fromnow? Compute the answer to the nearest dollar.(Assume a365-day year.)

The couple should invest $______now.

(Round to the nearest dollar asneeded.)

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