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Keith Stone has 10 years old daughter Kate ,who will be entering college in 8 years Keith estimate college costs to be 20000,22000,25000 and 30000
Keith Stone has 10 years old daughter Kate ,who will be entering college in 8 years Keith estimate college costs to be 20000,22000,25000 and 30000 payable at the beginning of each of kate's four years in college. he has 5000 in hs account and intends to leave it there until the beginning of the year 8. how much more must Keith save each year (assume end of the year payment) for each of the next 7years to have enough savings to pay for his daughter? Assume Keith can earn 9% on his saving
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