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POSITIVE RATINGS WILL ONLY BE GIVEN FOR ANSWERS SHOWING STEP-BY-STEP CALCULATIONS. CLEAR EXCEL FORMAT PREFERRED!! HANDWRITTEN ANSWERS OR, SCREENSHOTS ARE NOT ACCEPTABLE. You would like

POSITIVE RATINGS WILL ONLY BE GIVEN FOR ANSWERS SHOWING STEP-BY-STEP CALCULATIONS. CLEAR EXCEL FORMAT PREFERRED!! HANDWRITTEN ANSWERS OR, SCREENSHOTS ARE NOT ACCEPTABLE. You would like to contribute $70,000 towards your grandchild's college education 16 years from now. How much money must you set-aside today for this purpose if you believe you can earn 7.5% per year on your investment

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