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FINANCIAL ACCOUNTING II On January 2, 2021, Julie Lynn could consider the following alternatives for setting aside cash for a fund to be used for

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FINANCIAL ACCOUNTING II On January 2, 2021, Julie Lynn could consider the following alternatives for setting aside cash for a fund to be used for her child's college education. The money in the fund must be available for withdrawal on December 31, 2030. 1. On January 2, 2021, Ms. Lynn could deposit a single amount of $215,000 in an investment that would be expected to provide a 6% annual return. 2. On January 2, 2023, Ms. Lynn could deposit a single amount of $240,000 in an investment that would be expected to provide a 7% annual return. 3. Beginning on January 2, 2021, Ms. Lynn could deposit $25,000 each year in an investment that would be expected to provide an 8% annual return. Prepare a schedule for Ms. Lynn at January 2, 2021, setting forth the amounts that would be available for the college fund under each of the above alternatives

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