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The parents of a newborn baby would like to put money away today to cover 1 0 0 % of the child s expected total
The parents of a newborn baby would like to put money away today to cover of the childs expected total years of college tuition. The first tuition payment is due exactly years from today, and the next three payments are due at the end of years and Suppose that the parents estimate that the cost of tuition will be $ per year for the first three years, but that the fourth years tuition will be $ Which comes closest to the amount of money that needs to be set aside today if the interest rate is
A
$
B
$
C
$
D
$
E
$
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