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You want to save enough money to pay for 4 years of your child's school fees at $15,000 per year for your child. The savings
You want to save enough money to pay for 4 years of your child's school fees at $15,000 per year for your child. The savings account will pay an effective rate of 6% per year. The first annual payment for tuition fees is made on your child's 18th birthday. If you deposit the money on your child's 3rd birthday, how much must you deposit? Enter your answer without -/+ or $
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