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Suppose that when your child turns FIVE years old, you invest $10,000 into a college fund account for your child. Further assume that you can

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Suppose that when your child turns FIVE years old, you invest $10,000 into a college fund account for your child. Further assume that you can earn 12% return compounded MONTHLYL on your investment. If you estimate that you will need $400,000 to pay for college, at what age can your child attend college? A AGE 22 B. AGE 28 C. AGE 30 D.AGE 25

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