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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $ 1 6 , 8

A financial planning service offers a college savings program.

The plan calls for you to make six annual payments of $

16, 800

each,

with the first payment occurring today on

your child

12

birthday. Beginning on your child

18

th birthday, the plan will

provide $

35, 000

per year for four years.

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