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Vaida is.12 years old. She will be going to college when she is 18 and her parents expect that it will cost $75,000. Vaida's dad
Vaida is.12 years old. She will be going to college when she is 18 and her parents expect that it will cost $75,000. Vaida's dad feels he can earn a consistent 10% rate of return on a college savings plan. Vaida's parents feel that she should be responsible for half of her own expenses, and, are certain she will get a quarter of total expenses paid through scholarships. 1. How much should Vaida's parents save each month to fulfill their commitment? 2. Assuming Vaida gets her scholarships, how much should she save each month to help pay for her own schooling? Vaida also invests earning 5% at her local credit union
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