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You need to save $37,000 over the next 15 years to fund your 3-year-old daughter's college education. If you made equal annual end-of-year deposits into
You need to save $37,000 over the next 15 years to fund your 3-year-old daughter's college education. If you made equal annual end-of-year deposits into an account that earns 7% annual interest, how large must this deposit be? (HINT: PV=O, Solve for PMT)
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