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Rachel and Ross want to start saving now for their four-year old daughter's college education. Tuition and fees at a four-year private university are currently

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Rachel and Ross want to start saving now for their four-year old daughter's college education. Tuition and fees at a four-year private university are currently $40.000 per year, and tuition is expected to increase approximately 6% each year. How much should Rachel and Ross expect to pay for their daughter's first year of college at age 187 a $101,614 b. $73,804 O c. $327,686 d. 590,436

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