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Kate Milling has calculated that she'll need $71,000 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 $71,000 to pay for her son's college education, which will start in 15 years. How much should she save each year? Her bank offers an annual interest rate of 2% (annual compounding) and her first deposit will be one year from now.
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