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You have won a lottery and would like to invest part of the winnings in a trust for your childs college education. The college expense
You have won a lottery and would like to invest part of the winnings in a trust for your childs college education. The college expense is expected to be $30,000 per year for four consecutive years with the first expense expected to be due six years from today. If the annual rate of return the trust will earn is expected to be 4.5%, how much should you invest in the trust today?
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