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Aicha is planning to attend college when she graduates from high school 7 years from now. She anticipates that she will need 20,000 TL at
Aicha is planning to attend college when she graduates from high school 7 years from now. She anticipates that she will need 20,000 TL at the beginning of each of the four college years to pay for tuition and fees, and have some spending money. Aicha has made an arrangement with her father to do the household chores if her dad deposits 7,000 TL at the end of each year for the next 7 years in a bank account paying 8.5 percent interest. Will there be enough money in the account for Aicha to pay for her college expenses
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