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A couple purchases an insurance policy which they plan to use to partially finance their daughter's college education. If the policy provides 35000$ ten years
A couple purchases an insurance policy which they plan to use to partially finance their daughter's college education. If the policy provides 35000$ ten years from now, what additional lump-sum deposit must the couple make 12 years from now in order for their daughter' to be able to withdraw 20000$ per year for 5 years beginning 18 years from now? Assume interest rate is 10% per year
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