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Mary plans to have $ 2 5 0 , 0 0 0 for her child's college education in 1 5 years. She currently has $

Mary plans to have $250,000 for her child's college education in 15 years. She currently has $30,000 saved, and expect to make a one-time withdrawal of some money for a vacation in 6 years. If she can save $7,000 annually at the end of each year into the savings account, what the the maximum amount of money she can withdraw for the vacation in year 6 while still ensuring she reaches her savings goal ($250,000 in 15 years)? The account offers an annual interest rate of 8%.

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