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Abe will need $ 2 0 , 0 0 0 per year for four years to pay for tuition. How much will Abe s parents

Abe will need $

20, 000

per year for four years to pay for tuition. How much will Abe

s parents have to invest at the end of each year for the

8

years before he begins his studies if their savings earn compound interest at

8

percent per year?

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