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Terry and Anna want to have $25,000 saved up for their newborn (born today) who will be attending college in 18 years. Given a 6%
Terry and Anna want to have $25,000 saved up for their newborn (born today) who will be attending college in 18 years. Given a 6% APR invested in high grade bonds, on their money compounded semiannually, how much money would they need to put in the investment today?
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