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You are now the proud parent of a bouncing baby boy. To prepare for the childs future college education beginning in 18 years you invest
You are now the proud parent of a bouncing baby boy. To prepare for the childs future college education beginning in 18 years you invest $15,000. You must invest at a 5% interest rate if you would like to have $30,000 available at the beginning of his freshman year eighteen years from now?
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