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Mr. and Mrs. Smith want to start saving for their four-year-old son, Jack, to go to college. They estimate current college costs for their area
"Mr. and Mrs. Smith want to start saving for their four-year-old son, Jack, to go to college. They estimate current college costs for their area to be $20,000 per year, and they estimate that cost will increase at 5% per year. How much should they estimate Jack s first year of college will cost (assuming he starts college at 18)?"
Please show how to get TMV calculations to input into calculator.
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