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If a couple deposits a lump sum amount today to fund their daughter s $ 5 0 , 0 0 0 inflation adjusted undergraduate college

If a couple deposits a lump sum amount today to fund their daughter

s $

50, 000

inflation

adjusted undergraduate college expenses

10

years henceforth, answer the following assuming

annual inflation of

3 %

and annual compounded investment interest of

2.75 % .

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To calculate the future value of the lump sum we can use the formula FV PV x 1 rn Where FV Future Va... blur-text-image

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