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Valerie and Ibrahim plan to send their son to university To pay for this they will contribute 8 equal yearly payments to an account bearing

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Valerie and Ibrahim plan to send their son to university To pay for this they will contribute 8 equal yearly payments to an account bearing interest at the APR of 2 5 compounded annually Five years after their last contribution they will begin the first of five yearly withdrawals of 40 900 to pay the university s bills How large must their yearly contributions be

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