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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 $46,382, each year,
You are planning to save for you childs college education which will start in 18 years. You expect the tuition to be $46,382, each year, in years 18 to 21. If your college savings account pays 4.96% APR compounded annually, how much do you have to deposit in years 1 to 12 to exactly fund the tuition?
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