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The amount you must deposit now in your savings account, paying 6% compound interest, in order to accumulate $10,000 for your first tuition payment when

The amount you must deposit now in your savings account, paying 6% compound interest, in order to accumulate $10,000 for your first tuition payment when you start college in 4 years.

A. $7,472.60

B. $8,227.00

C. $7,920.90

D. $7,600.00

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