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Suppose that your child plans on attending college beginning 15 years from now. Assume that college currently costs $ 10,000 per year and this cost
Suppose that your child plans on attending college beginning 15 years from now. Assume that college currently costs $ 10,000 per year and this cost is expected to grow by 4% per year. What monthly deposit into an account paying 10% APR compounded monthly will you need to make to fund four years of college? Round your final answer to two decimals.
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