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Susie wants to set up a college fund for her daughter Mary. She calculates that Mary will need to with-draw $2,500 four times a year
Susie wants to set up a college fund for her daughter Mary. She calculates that Mary will need to with-draw $2,500 four times a year for the next four years. How much will Susie need to have in Marys col-lege fund if the fund pays 6%, compounded quarterly?
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