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Use the savings plan formula to answer the following question Your goal is to create a college fund for your child Suppose you find a

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Use the savings plan formula to answer the following question Your goal is to create a college fund for your child Suppose you find a fund that offers an APR of 7% How much should you deposit monthly to accumulate $85,000 in 18 years? You should invest seach month. (Do not round until the final answer. Then round to two decimal places as needed)

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