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Today you put $15,000 in the bank to save for your newly born childs college education. You will leave it in the bank for 20
Today you put $15,000 in the bank to save for your newly born childs college education. You will leave it in the bank for 20 years. What quaternary rate of interest will you have to earn in order to be able to pay a $50,000 tuition bill when you take the money out ?
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