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Kimberly and Matthew want to begin saving for their baby's college education. They estimate that they will need $210000 in eighteen years. If they are

Kimberly and Matthew want to begin saving for their baby's college education. They estimate that they will need $210000 in eighteen years. If they are able to earn 5% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?

$6898.

$12937.

$7109.

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