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Jingyang Qu: Attempt 1 Time Left:0:13:56 Next Page Previous Page Question 13 (2 points) For their granddaughter's fifth birthday, her grandparents want to set up

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Jingyang Qu: Attempt 1 Time Left:0:13:56 Next Page Previous Page Question 13 (2 points) For their granddaughter's fifth birthday, her grandparents want to set up a trust fund to help her pay for college. How much money must they deposit into the account in order to provide 24 monthly payments of $1,500 during the time she is in college? Page 15 of 18 Assume that the first payment is on her 18th birthday and that the fund earns interest at j12=4.2%

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