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You have decided to give your grandchild a graduation gift of $ 1 0 , 0 0 0 . The child will graduate in 1

You have decided to give your grandchild a graduation gift of $10,000. The child will graduate in 18 years if you invest in a mutual fund with a 25 year average return for the chosen mutual fund is 7%. How much must you invest for the same return assuming no risk.

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