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To pay for college for my daughter, I need to have $1,050 in 18 years. The state of New Jersey offers tax-free college savings accounts
To pay for college for my daughter, I need to have $1,050 in 18 years. The state of New Jersey offers tax-free college savings accounts that pay 3% annually. How much do I need to deposit into this savings account annually -- at the end of each year -- to pay for my daughter to attend college? Please show work.
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