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Emile is entering high school and is determined to save money for college. Emile feels he can save $3,500 each year for the next
Emile is entering high school and is determined to save money for college. Emile feels he can save $3,500 each year for the next 4 years from his part-time job. If Emile is able to invest at 4%, how much will he have when he starts college? Of this amount, how much is cash invested, and how much is interest earned? View the Present Value of $1 table. View the Future Value of $1 table. (Round your answer to the nearest dollar.) View the Present Value of Ordinary Annuity of $1 table. View the Future Value of Ordinary Annuity of $1 table. If Emile is able to invest at 4%, how much will he have when he starts college? Amount Emile will have when he starts college =
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