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Sarah wants to save for her daughter's college. Her daughter is 3 years old and Sarah anticipates to send her to school at age 1

Sarah wants to save for her daughter's college. Her daughter is 3 years old and Sarah anticipates to send her to school at age 18 for 4 years. Current college costs are $15,000/yr. Sarah anticipates a 4% inflation rate on college costs and believes she can earn 7% on her college savings investments. How much would Sarah have to save AT THE END OF EACH MONTH to send her daughter to college?

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