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You are saving for your 10-year old who wants to attend college in 8 years. You estimate you will have to have $120,000 to send
You are saving for your 10-year old who wants to attend college in 8 years. You estimate you will have to have $120,000 to send your child to school. If you can earn 7.5% per year on your money over the next 8 years, how much money do you need to put into an account today in order to have $120,000 available in 8 years? Enter your answer as a positive number, in dollars and cents
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