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Lisa and Chris want to begin saving for their baby's college education. They estimate that they will need $225000 in eighteen years. If they are
Lisa and Chris want to begin saving for their baby's college education. They estimate that they will need $225000 in eighteen years. If they are able to earn 9% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?
$4850.
$9095.
$5297.
$4998.
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