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parents wish to have $ 1 5 0 , 0 0 0 available for a childs education. if the child is now 5 years old,

parents wish to have $150,000 available for a childs education. if the child is now 5 years old, how much money must be set aside at 8% compounded semiannually to meet their financial goal when the child is 18? the amount (rounded to the nearest dollar) that should be set aside is?

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