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Kyle is entering high school and is determined to save money for college. Kyle feels he can save $ 6 , 0 0 0 each
Kyle is entering high school and is determined to save money for college. Kyle feels he can save $ each year for the next years from his parttime job. If Kyle is able to invest at how much will he have when he starts college? Of this amount, how much is cash invested, and how much is interest earned?
View the Present Value of $ table.
View the Future Value of $ table.
Round your answer to the nearest dollar.
View the Present Value of Ordinary Annuity of $ table.
View the Future Value of Ordinary Annuity of $ table.
If Kyle is able to invest at how much will he have when he starts college?
Amount Kyle will have when he starts college
Of this amount, how much is cash invested, and how much is interest earned?
Amount of cash Invested
Amount of interest earned
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