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Suppose that your child plans on attending college beginning 12 years from now. Assume that college currently costs $ 10,000 per year and this cost

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Suppose that your child plans on attending college beginning 12 years from now. Assume that college currently costs $ 10,000 per year and this cost is expected to grow by 6% per year. What monthly deposit into an account paying 14% APR compounded monthly will you need to make to fund four years of college? Round your final answer to two decimals. Suppose that you have the opportunity to invest $ 1,000 at the end of each of the next 240 months. This investment promises to pay you $ 1,500,000 after you make the last investment at the end of month 240. What is the APR of this investment? Enter your answer as a percent (without the %). Round your final answer to two decimals

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