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A family establishes a 429 this month plan for its newborn. The family wishes to save $250,000 by December 2041. Assuming a rate of return

A family establishes a 429 this month plan for its newborn. The family wishes to save $250,000 by December 2041. Assuming a rate of return of 7%, how much must the family contribute each year to the 429 plan to achieve the desired savings goal? Please show your TVM reasoning and your proposed solution

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