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In 6 years, David's child will go to university. David already has $2,200 set aside in the savings account but plans to contribute an additional
In 6 years, David's child will go to university. David already has $2,200 set aside in the savings account but plans to contribute an additional $900 at the end of each year to this account for his children's education. He anticipates earning an annual return rate of 5% on his savings throughout that time (compounded annually). When his kid is ready to register for university, how much money will David have in this account
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