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Suppose you plan to save money for your child's college education by depositing $ 1 , 0 0 0 every six months for the next

Suppose you plan to save money for your child's college education by depositing $

1, 000

every six months for the next

18

years into an account earning an annual interest rate of

9 % .

How much will you have in the account on the date of the last deposit assuming that the first deposit is made in six months?

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