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I am planning for my son's college education to begin 10 years from today. I estimate the yearly tuition, books, and living expenses to be
I am planning for my son's college education to begin 10 years from today. I estimate the yearly tuition, books, and living expenses to be $10,000 per year (payable at the end of each year) for a four-year degree. How much must I deposit today, an an interst rate of 12%, for my son to be able to withdraw $10,000 per year for four years of college?
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