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In anticipation of the immense colloge expenses, Joe and Jill started an annual investment program on their child's cighth birthday that will last until the
In anticipation of the immense colloge expenses, Joe and Jill started an annual investment program on their child's cighth birthday that will last until the cighteenth birthday. They plan to invest the following amounts at the beginning of each year:
tableYearAmount $
To avoid unpleasant surprises, they want to invest the money safoly in the following options: Insured savings with annual yield, year government bonds that yield and have a current market price equal to of face value, and year municipal bonds yielding and having a current market price of of face value. How should the moncy be invested?
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