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Ed Colbert is saving for his daughters college education. He estimates he will need $60,000 by the time she goes to school 15 years from

Ed Colbert is saving for his daughters college education. He estimates he will need $60,000 by the time she goes to school 15 years from now. If Ed can earn 6% annually on his investment, how much must he set aside each year for 15 years to accomplish his goal?

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