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Mr. Blochirt is creating a college investment fund for his daughter. He will put in $3,000 per year for the next 13 years and expects

Mr. Blochirt is creating a college investment fund for his daughter. He will put in $3,000 per year for the next 13 years and expects to earn a 8% annual rate of return. How much money will his daughter have when she starts college? Use Appendix C to calculate the answer.

Multiple Choice

$53,472

65,212

$52,459

$64,485

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