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Mary Smith thinks that her son, Miles, is brilliant! She plans on sending him to Harvard College in 17 years. She invests $2,000 per year
Mary Smith thinks that her son, Miles, is brilliant! She plans on sending him to Harvard College in 17 years. She invests $2,000 per year (for 17 years) in a mutual fund that earns 8% per year.
How much will Miles have in his college fund account?
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