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Jane is seeking to invest for a future education of her newborn daughter. she will need 100,000 to cover the cost of tuition and fees

Jane is seeking to invest for a future education of her newborn daughter. she will need 100,000 to cover the cost of tuition and fees and she has already saved 15,000. Her daughter is expected to go to college in 18 years. if the annual return rate is 7% what is the annual contribution she needs to make to meet her saving goal?

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