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You plan to contribute $ 1,200 each year to your nephew's college education. He will graduate from high school in 10 years. Interest rates are

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You plan to contribute $ 1,200 each year to your nephew's college education. He will graduate from high school in 10 years. Interest rates are 6%. Calculate how much money you should have saved for him by the time he is ready to go to college using the following methods: a. Reference table b. Financial calculator

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