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Having received a large inheritance, Jing-mei's parents wish to establish a trust for her college education. Five years from now they need an estimated $140,000.

Having received a large inheritance, Jing-mei's parents wish to establish a trust for her college education. Five years from now they need an estimated $140,000. How much should they set aside in trust now if they invest the money at 6.9%/year compounded quarterly? Continuously? (Round your answers to the nearest cent.)

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