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One year from today, your brother will go to a college and pay a tuition of $ 1 7 , 0 7 8 , which

One year from today, your brother will go to a college and pay a tuition of $17,078, which remains the same for his four-year college life. Thus, he needs to pay $17,078 at the beginning of each school year for four years and the first payment of $17,078 will be one-year from today. Your uncle promised to pay 50% of your brother's total tuition, and he has already saved $9,839 for your brother in a 593 Educational account, which earns 11.2% annually. How much additional money does your uncle need to save in the 593 account today so that it will have enough money to pay 50%for your brother's four-year tuition?

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