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You are planning to save for you childs college education which will start in 18 years. You expect the tuition to be $40,394, each year,

You are planning to save for you childs college education which will start in 18 years. You expect the tuition to be $40,394, each year, in years 18 to 21. If your college savings account pays 6.38% APR compounded annually, how much do you have to deposit in years 1 to 11 to exactly fund the tuition?

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