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if they want to pay $12,500 per year for fours years to pay for Jon's college, how much do they need to fund that. he

if they want to pay $12,500 per year for fours years to pay for Jon's college, how much do they need to fund that. he is 16 years old and will go go college at age 18 for four years. If they started now at his age of 16 and saved until he graduated, at age 22, how much would they have to save annually and monthly? return on investments is 7% and tuition inflation is 6%

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