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Assume the total cost of a college education will be $250,000 when your infant child enters college in 18 years. How much do you invest

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Assume the total cost of a college education will be $250,000 when your infant child enters college in 18 years. How much do you invest at the end of each month in order to accumulate the required $250,000 at the end of 18 years if your monthly investments earn an annual interest rate of 5 percent, compounded monthly

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