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X 15. Two grandparents contributed $30,000 to their granddaughter's college savings fund on the day she was born. The college savings fund can earn 6%
X 15. Two grandparents contributed $30,000 to their granddaughter's college savings fund on the day she was born. The college savings fund can earn 6% interest each year. The child's mother is concerned 4 by rapidly rising education costs, and believes that her daughter will need about $180,000 by her 18 th birthday for her tuition expenses. If her daughter has just turned 13 , how much does the child's mother need to contribute to her college fund today in order to fully fund her daughter's college expenses? A. $33,062 B. $44,244 Grandpo..thsFonPVPMTFV=30k=Q=85,630=18 C.) $63,988 D. $70,519 E. $86,691 F. $134,506 Q 13 they have 63,988 in the f-re R=6% yis left 1,1190,15 toth b-d = = of the muroy alreadgirtreted
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