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Parents wish to have $ 1 4 0 , 0 0 0 available for a child's education. If the child is now 7 years old,

Parents wish to have $ 140,000 available for a child's
education. If the child is now 7 years old, how much money must be
set aside at8% compounded semiannually to meet their financial goal when
the child is18?

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