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suppose your parents make 18 equal payments( every payment is $5,000) every year into an investment account for your 4 year college expenses today. The
suppose your parents make 18 equal payments( every payment is $5,000) every year into an investment account for your 4 year college expenses today. The first expense at the beginning of year 19th( end of year 18). Assuming a 15% rate of return, what is your maximum annual college budget?
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