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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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