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Assume the total expense for your current year in college equals $20,000. Approximately how much would your parents have needed to invest 18 years ago
Assume the total expense for your current year in college equals $20,000. Approximately how much would your parents have needed to invest 18 years ago (one-time investment) in an account paying 10% compounded annually to cover this amount? A. \$1,111.11 B. $2,500.00 C. $3,597.18 D. $5,004.98
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