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A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into

A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $70,000 saved up for when she goes to college in 17 years, assuming the account earns a 5% return. Annual deposit:

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