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Question 2 Richard and Sue wants to provide full funding for their 3 year old daughter who is expected to start college when she is
Question 2 Richard and Sue wants to provide full funding for their 3 year old daughter who is expected to start college when she is 18 The current annual cost of a 4 year college is $38000 which is expected to increase by 3.5% per year. They expect to eam 5% on their investment. Calculate how much they should save by the end of every year in order to accumulate funding for 4 years of college wher O $16.379 O $14.780 O $11.551 O S11.385
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