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Question 1 10 pts New parents decide at the birth of their child (time 0) to save 5000 per year toward their child's college education.

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Question 1 10 pts New parents decide at the birth of their child (time 0) to save 5000 per year toward their child's college education. Their account earns an effective rate of interest of 9%. Deposits will be made on the child's birthday for each year from the ages of 1 through 17. What is the account's balance on the child's 17th birthday (including the last payment)? if:- 201,507 I?) 42,718 If) 165,017 I?) 184,869 Question 2 10 pts 125,000 is saved in a college fund, which will be disbursed over the next 4 years. With year-end payments. Assuming an effective rate of interest of 5%. How much will be paid each year? f\" 29,001 A 33,573 A 31,250 r\" 35,251

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