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PROBLEM1 Mary is 10 years old and her parents want to save money each year for her college education. Assume that the total costs for

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PROBLEM1 Mary is 10 years old and her parents want to save money each year for her college education. Assume that the total costs for four years will be 40,000. Q: How much should they save each year in order to accumulate $40,000, 8 years from today assuming they can earn 9% on their investment compounded annually

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