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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 5.25%Mr. and Mrs. Smith are setting up a fund to help finance their granddaughters college education. They want her to be able to withdraw $3000 every three months for three years after she starts college. Her first withdrawal will be 5 years from now (at the beginning of the quarter). If the fund can earn 3.2% compounded quarterly, what single amount contributed today will provide for the withd

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