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You have a 5-year-old son. You want to provide financial help when he goes to college in 13 years. You are planning to give him

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You have a 5-year-old son. You want to provide financial help when he goes to college in 13 years. You are planning to give him $20,000 a year at the beginning of each year. You will be make annual contribution at the end of each year to an account which will earn 5%. If you have $5,000 in the account already, how much will your annual deposit be? You have a 5-year-old son. You want to provide financial help when he goes to college in 13 years. You are planning to give him $20,000 a year at the beginning of each year. You will be make annual contribution at the end of each year to an account which will earn 5%. If you have $5,000 in the account already, how much will your annual deposit be

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