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In order to support your daughter's (son's) college education, you decide to save a fixed amount in a college trust fund at the end of

In order to support your daughter's (son's) college education, you decide to save a fixed amount in a college trust fund at the end of every year for eighteen (18) years. You would like to have $120,000 in the fund eighteen (18) years from today. When the average annual rate of return on the fund is 6 percent (compounded annually), how much do you need to save at the end of each year?

A) $2,844 B) $3,883 C) $4,204 D) $11,083

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