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Joe estimates that his daughter's college needs, beginning in 8 years, will be $3400 at the end of each quarter for 4 years. (a) Find
Joe estimates that his daughter's college needs, beginning in 8 years, will be $3400 at the end of each quarter for 4 years. (a) Find the total amount needed in 8 years, assuming 8% compounded quarterly. (b) Will he have enough money available in 8 years if he invests $1200 at the end of each quarter for the next 8 years at 8% compounded quarterly?
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