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Johnny wants to save some money for his daughter Alexis's education. Tuition costs $ 1 2 , 5 0 0 per year in today's dollars.
Johnny wants to save some money for his daughter Alexis's education. Tuition costs $ per year in today's dollars. Alexis was born today and will go to school starting at age She will go to school for years. Johnny can earn on his investments and tuition inflation is How much must Johnny save at the end of each year, if he wants to make his last savings payment at the beginning of his daughter's first year of college?
a $
b $
c $
d $
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