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In Problem # 9 , we assumed that the total investment today for your child's years in college might be more than you can invest

In Problem #9, we assumed that the total investment today for your child's years in college might be more
than you can invest today. Fortunately, you could spread the payment over the 18 years before your child
enters college to cover part of her anticipated expenses. Approximately how much would you have to invest
monthly at an annual rate of 9.0 percent for 18 years to reach the proposed future amount of $250,000?
A. $389.00
B. $466.00
C. $496.00
D. $534.00
E. $579.00
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