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A family estimates they will need $20,000 for their child's college tuition. If they are able to save up $8,500, how far in advance would

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A family estimates they will need $20,000 for their child's college tuition. If they are able to save up $8,500, how far in advance would they need to invest the money at %7.75 compounded semi-annually? Select one: O a. 18 years and 10 months O b. 11 years and 3 months O c. 22 years and 3 months

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