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Assume a client seeking to fund college education for a child born today agrees to the following assumptions: $10,000 per year in today's dollars) needed,

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Assume a client seeking to fund college education for a child born today agrees to the following assumptions: $10,000 per year in today's dollars) needed, start in 18 years; and take five years to complete can earn 9 after tax and college costs will increase 6% each year. What is the projected first year future cost of college? a $20,000 b. $16.526 c. $26.928 d. $28,543

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