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Jeffrey set up a savings fund for his son's education so that he would be able to withdraw $1,675 at the beginning of every month

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Jeffrey set up a savings fund for his son's education so that he would be able to withdraw $1,675 at the beginning of every month for the next 8 years. The fund earns 5.88% compounded quarterly. a. What amount should he deposit today to allow for the $1,675 periodic withdrawals? Round to the nearest cent b. How much interest would he earn in this investment? Round to the nearest cent

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