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Posted on Sep 05, 2024

In order to save for your child's education, you want to save $ 4 0 0 every month for 1 5 years, starting one month

In order to save for your child's education, you want to save $ $400$ every month for $15$

years, starting one month from now. The annual interest rate for this savings account is $7.2 %$ How much money will you have in your account in $15$ years? How much money would you need to deposit today in order to end up with the amount

calculated above?

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