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Suppose that you want to create a college fund for your newborn child and place $300 in a bank account at the end of each

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Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of the next 20 years. If that account earns an annual rate of return of 8%, how much will be in that account at the end of the twentieth year

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