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Mr. and Mrs. Brown anticipate that they will need $60,000 for their child's education in 18 years. If their savings account earns 4% compounded

Mr. and Mrs. Brown anticipate that they will need $60,000 for their child's education in 18 years. If their savings account earns 4% compounded quarterly, how much would they need to deposit now to reach their goal? (Round to the nearest dollar) $54,000 $34,884 $2327 $29,310

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