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Calculate the amount of money you need to set aside each year over the next 18 years to pay for the anticipated University education cost

Calculate the amount of money you need to set aside each year over the next 18 years to pay for the anticipated University education cost of $125,000 for the child you just found out (today) you will be having in roughly 8 months. Average interest rates over the 18-year period will be 3.5% compounded annually. Assume you start investing these amounts at the beginning of each year.

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