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Suppose someone wants to accumulate 7 5 , 0 0 0 for college fund over the next 1 5 years determine whether the following investment

Suppose someone wants to accumulate

75, 000

for college fund over the next

15

years determine whether the following investment plans will allow the person to reach their goal assume the compounding and payment periods are the same the person deposits

95

per month and two account with an APR of

5 %

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