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Andres parents established a college savings plan for him when he was born. They deposited $50 into the account on the last day of each

Andres parents established a college savings plan for him when he was born. They deposited $50 into the account on the last day of each month. The account has earned 10.9% compounded monthly, tax-free. How much can they withdraw on his 18th birthday to spend on his education? $33,307a. $30,028b. $43,730c. $27,560

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