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Ruth and Edward want to begin saving for their baby's college education. They estimate that they will need $195000 in eighteen years. If they are

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Ruth and Edward want to begin saving for their baby's college education. They estimate that they will need $195000 in eighteen years. If they are able to earn 5% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education? O $6601. $12013 $6405. O $6996

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