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A parent wants to save up $100,000 for their childs education. They plan to make quarterly contributions, starting 3 months from now, to an account
A parent wants to save up $100,000 for their childs education. They plan to make quarterly contributions, starting 3 months from now, to an account which pays interest at an annual rate of 6%. If the child starts university in 8.5 years, what should the quarterly contribution be?
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