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You want to have $45000 to send a child to college in 10 years. Your bank offers a college savings account that pays an APR
You want to have $45000 to send a child to college in 10 years. Your bank offers a college savings account that pays an APR of 4.2% compounded monthly.
a. How much would you need to deposit monthly to reach your goal?
b. Write the first four lines of the amortization table for this investment.
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