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Attempt 1 (of 1) 30/30 Points 100% Question 3 tof 3t Award: 10 out of 10.00 points Your parents have accumulated a $170,000 nest egg.

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Attempt 1 (of 1) 30/30 Points 100% Question 3 tof 3t Award: 10 out of 10.00 points Your parents have accumulated a $170,000 nest egg. They have been planning to use this money lo pay college costs to be incurred by you and your sister, Courtrey. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $26,000 to help her get started, and they have decided to take year-end vacations costing $12,000 per yeair for the next four years. Use 6 percent as the appropriate interest rate throughout this problem. Use Appendix A and Appondix D for an approximate answor, but calculate your final answer using the formula and financial calculator methods a. How much money will your parents have at the end of four years to help you with graduafe school, which you will start then? (Round your final answer to 2 decimal places.) available for graduate 129,254.04 b. You plan to work on a masters and perhaps a PhD. Mgraduate school costs $26,660 per year, approximately how long will you be able to stay in school based on these funds? (Round your final answer to 2 decimal places.) 5.90

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