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What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it will grow to $90,000 for their

What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 11 years? (Round your answer to the nearest cent.) $ Submit Answer View Previous Question Question 10 of 15 View Next Question M Home My Assignments Request Extension.

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