Ann and Tom want to establish a fund for their grandson's college education What lump sum must they deposit at a 12 annual interest rato, compounded monthly, in order to have $60,000 in the fund at the end of 10 years They should deposits (Round up to the nearest cent)

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Ann and Tom want to establish a fund for their grandson's college education  What lump sum must they deposit at a 12  annual interest rato, compounded monthly, in order to have $60,000 in the fund at the end of 10 years  They should deposits (Round up to the nearest cent)

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Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at a 12% annual interest rato,

Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at a 12% annual interest rato, compounded monthly, in order to have $60,000 in the fund at the end of 10 years? They should deposits (Round up to the nearest cent)

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