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John would like to plan for his newborn daughter Ashleys college education. If John wants to have $200,000 ready for Ashley on her 18th birthday,

John would like to plan for his newborn daughter Ashleys college education. If John wants to have $200,000 ready for Ashley on her 18th birthday, how much money does John have to save each year? Assume the relevant interest rate is 8%, and John makes the first deposit in year 1 and the last deposit in year 18.

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