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Exercise 5 . 2 5 % Mr . and Mrs . Smith are setting up a fund to help finance their granddaughters college education. They
Exercise Mr and Mrs Smith are setting up a fund to help finance their granddaughters college education. They want her to be able to withdraw $ every three months for three years after she starts college. Her first withdrawal will be years from now at the beginning of the quarter If the fund can earn compounded quarterly, what single amount contributed today will provide for the withd
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