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You want to start saving money to pay for your son's college tuition. Your son will go to a college 16 years from now and
You want to start saving money to pay for your son's college tuition. Your son will go to a college 16 years from now and he will need $35,000 per year for 4 years starting at year 16. If the interest rate is 9% per year, how much should you save each year starting next year for the next 15 years?
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