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Sarah was born today. Her grandparents want to give her a gift to where for Sarah's 18th birthday to her 21st birthday there will be
Sarah was born today. Her grandparents want to give her a gift to where for Sarah's 18th birthday to her 21st birthday there will be a $300 payment monthly inclusive. How many payments does that include? How much money do the grandparents need today to cover all of the payments if money earns a nominal rate of 4% convertible monthly? (no excel please.)
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