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Bilbo wants to have a college fund of $120000 for Frodo after 15 years. How much does he need to save every month if interest

Bilbo wants to have a college fund of $120000 for Frodo after 15 years. How much does he need to save every month if interest on savings is 3% compounded monthly? Select one: a. 7113.24 b. 6451.99 C.666.67 d. 380.68 o e. 528.70

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