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Tuition at the Home State University is currently $10,000 per year, increasing on the average of 6% per year. What is the lump sum needed

Tuition at the Home State University is currently $10,000 per year, increasing on the average of 6% per year. What is the lump sum needed at the beginning of the freshman year of college to fund an 8-year old childs college education for 4 years starting at age 18, if the investment return is expected to be 4%?

a. $65,778

b. $67,706

c. $73,727

d. $69,502

*** I NEED TO KNOW SPECIFIC FV, PV, PMT, I/Y AND N TO PLUG INTO MY CALCULATOR

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