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A couple would like to start a college fund for their newborn son.They estimate they will need $150,000 in 18 years.Assume they can obtain a
A couple would like to start a college fund for their newborn son.They estimate they will need $150,000 in 18 years.Assume they can obtain a 4% return, how much would they need to invest annually to reach this goal?Use Appendix A-3 The rate given in Appendix A-3 is 18 years 25.6454 ... 4%.
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