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After consulting with your financial advisor, you figured that you need to invest $1,000 per month to accumulate enough money for your childrens college education
After consulting with your financial advisor, you figured that you need to invest $1,000 per month to accumulate enough money for your childrens college education in the 529 college savings account. Assuming a rate of return of 12% and depositing $1,000 at the beginning of every month in your retirement account for 15 years, how much will you have in the account?
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