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Parents wish to have $100,000 available for a child's education. If the child is now 4 years old, how much money must be set

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Parents wish to have $100,000 available for a child's education. If the child is now 4 years old, how much money must be set aside at 4% compounded semiannually to meet their financial goal when the child is 18? Click the icon to view some finance formulas The amount that should be set aside is $ P = 1 + A n nt

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