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You want to accumulate $81,500 for your newborn child's education at the end of 14 years. If you can earn 10% on your investments,

You want to accumulate $81,500 for your newborn child's education at the end of 14 years. If you can earn 10% on your investments, how much must you invest annually to reach your goal? Select one: a. $1,547 b. $4,471 c. $3,741 d. $2,913

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