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B ) Assume that the full cost of Harvard degree will be $ 5 2 5 , 0 0 0 exactly 1 8 years from

B) Assume that the full cost of Harvard degree will be $525,000 exactly 18 years from now. What should be the first deposit of the parents into the account so the value of the college fund is EXACTLY $525,00018 years from now? Each deposit will increase by .03% per month. The APR will be 9.6%.

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