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Kate Milling has calculated that she'll need $69,000 to pay for her son's college education, which will start in 15 years. How much should she

Kate Milling has calculated that she'll need $69,000 to pay for her son's college education, which will start in 15 years.

How much should she save in each of the next 15 years? Her bank offers an annual interest rate of 7% (annual compounding) and her first deposit will be one year from now?

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