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You plan to do an MBA in five years. You anticipate that you will need $ 1 0 0 , 0 0 0 by that

You plan to do an MBA in five years. You anticipate that you will need $

100, 000

by that

time to enroll in your program of choice. You decide to start saving for this now by

making equal monthly deposits into a fund with an expected return of

18 %,

compounded monthly

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