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Vu Lam looks ahead and figures he will need about $350,000 for college for his now 12-year-old daughter. How much would Vu Lam need to
Vu Lam looks ahead and figures he will need about $350,000 for college for his now 12-year-old daughter. How much would Vu Lam need to invest today at 6% compounded quarterly to reach this amount? Present value problem. Use Table 12.3.
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