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Liz and Bob just had a baby named Isabelle, and they want to save enough money for Isabelle to go to college. Assume that they
Liz and Bob just had a baby named Isabelle, and they want to save enough money for Isabelle to go to college. Assume that they start making monthly payments when Isabelle is
into an ordinary annuity earning
and they calculate that they will need $
by the time Isabelle turns
How much should they deposit every month so that they reach their goal?
Deposit amount
Note: Your answer is a dollar amount and should include a dollar sign
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