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A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order

A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have $41,000 when the child reaches the age of 18? Assume the money earns 8% interest, compounded quarterly. (Round your answer to two decimal places.) $

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