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You want to save $125,000 for college for your new born. Your parents just gave you $10,000 towards the college fund that you will invest
You want to save $125,000 for college for your new born. Your parents just gave you $10,000 towards the college fund that you will invest for 18 years @ 9%. You prsently have $5,000 in an account earning 8% that you will use toward your college savings goal. How much more do you need to save monthly for 18 years at 9% to achieve your $125,000 goal?
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