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I- If four years of college is expected to cost $150,00018 years from now, how much must be deposited now into an account that will

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I- If four years of college is expected to cost $150,00018 years from now, how much must be deposited now into an account that will average 8% annually in order to save the $150,000 ? (2) Marks) 2- Jeanie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Jeanie? (2 Marks)

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