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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

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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 studles if their savings earn compound interest at 7 percent per year? Assume the tuition payments occur at the end of each year. (Round answer fo 2 decimal places e.s. 125.12. Do not round your intermediate calculations.]

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