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In order to save for your child's college education, you want to save $500 every month for 15 years, starting one month from now. The

In order to save for your child's college education, you want to save $500 every month for 15 years, starting one month from now. The monthly interest rate on your savings account is 0.6%.

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Part 1

How much money will you have in your account in 15 years?

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