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Stephanie wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to

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Stephanie wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to school starting at age 18 . She will go to school for 4 years. Stephanie can earn 11% on her investments and tuition inflation is 6%. How much must Stephanie save at the end of each year if she wants to make her last savings payment at the beginning of her daughter's first year of college? $1,889 $2,117 $2,398 None of the above

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