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TB MC Qu . 0 9 - 0 7 Ethan is creating a college... Ethan is creating a college investment fund for his daughter. He

TB MC Qu

. 09 - 07

Ethan is creating a college...

Ethan is creating a college investment fund for his daughter. He will put in $

15, 000

per year for the next

18

years and expects to earn a

6 %

annual rate of return. How much money will his daughter have when she starts college? Use Appendix

0

to calculate the answer.

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