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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
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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