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Attucks College predicts that in14 14years it will take$250,000 $250,000to attend the college for four years. Emma has a substantial amount of cash and wishes

Attucks College predicts that in14

14years it will take$250,000

$250,000to attend the college for four years. Emma has a substantial amount of cash and wishes to invest a lump sum of money for her child's college fund. How much should Emma put aside in an account with an APR of7%

7%compounded monthly in order to have$250,000

$250,000in the account in14

14years? Round your answer to the nearest cent, if necessary.

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