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I +443/7/14+ Question 25 Samuel's Dad is looking to deposit a sum of money immediately into an account that pays an annual interest rate of
I +443/7/14+ Question 25 Samuel's Dad is looking to deposit a sum of money immediately into an account that pays an annual interest rate of 9.00% so that his first-year college tuition costs are provided for. Currently, the average college tuition cost is $16,000 and is expected to increase by 5.00% per year (the average inflation rate). Samuel just turned 3 and is expected to start college when he turns 18. How much money will Samuel's Dad have to deposit into the account? 0 N- 15
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