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You have decided to set up a college fund for your kid. You have decided that 95,000 should be enough to get Jr most of
You have decided to set up a college fund for your kid. You have decided that 95,000 should be enough to get Jr most of the way through college. You decide to open the account when Jr is born and make monthly deposits every month for 18 years. What is your monthly deposit that would reach your goal, if the account pays 5.75 % interest compounded monthly? How much money did you deposit into the account? How much interest did the account earn
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