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Question 9 (1 point) Jonathan's daughter will be going to college in 10 years. The first year of college will cost her $50,000. Jonathan wants
Question 9 (1 point) Jonathan's daughter will be going to college in 10 years. The first year of college will cost her $50,000. Jonathan wants to pay the $50,000 for the first year of the program. How much money does Jonathan have to set aside today in order to have $50,000 to pay for the first year of the program ten years from now? The money will be invested in a bond which pays 6% interest rate compounded annually. AJ
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