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Austin plans to set aside money for his young daughter s college tuition. He will deposit money in an ordinary annuity that earns interest, compounded

Austin plans to set aside money for his young daughter

s college tuition. He will deposit money in an ordinary annuity that earns interest, compounded monthly. Deposits will be made at the end of each month.

How much money does he need to deposit into the annuity each month for the annuity to have a total value of after years?

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