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Mr. Blochirt is creating a college investment fund for his daughter. He will put in $8,000 per year for the next 18 years and expects
Mr. Blochirt is creating a college investment fund for his daughter. He will put in $8,000 per year for the next 18 years and expects to earn a 6% annual rate of return. How much money will his daughter have when she starts college? Use Appendix C. (Round "FV Factor" to 3 decimal places.)
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