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Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $240000 in eighteen years. If they are

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Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $240000 in eighteen years. If they are able to earn 8% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education? $10799. $5934. $5758. $6289

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