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Question 14 (3 points) Jane's daughter will be going to college at the end of six years. She wishes to have a fund that will
Question 14 (3 points) Jane's daughter will be going to college at the end of six years. She wishes to have a fund that will provide her daughter $12,000 per year (end of each year) for each of her four years (which is end of years 7, 8, 9, 10) in college. How much must you put into that fund today if the fund will earn 12 percent in each of the 10 years? $17,878.80 $21,471.68 $18,465.79 $36,448.19 $13,697.41
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