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In order to send your first child to law school when the time comes you want to accumulate $40,000 at the end of 18 years.
In order to send your first child to law school when the time comes you want to accumulate $40,000 at the end of 18 years. Assuming that your savings account will pay 6% compounded annually how much would you have to deposit if you want to deposit an equal amount at the end of each year?
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