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You are planning for your child's education, and estimate that it will cost $52,500 in eight years. If you can earn 3.84% compounded annually, how

You are planning for your child's education, and estimate that it will cost $52,500 in eight years. If you can earn 3.84% compounded annually, how much do you need to invest today to pay for this? A $38,837 B $38,467 $35,794 D $32,194

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