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You want to build a $100,000 college fund for your kid in 18 years by making regular, end of month deposits. Assume an APR of
You want to build a $100,000 college fund for your kid in 18 years by making regular, end of month deposits. Assume an APR of 6%, calculate how much you should deposit monthly. How much of the final value comes from actual deposits and how much from interest?
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