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You wish to have $100,000 saved when your newborn is of college age, 18 years from now. You plan to invest in bonds and stocks

You wish to have $100,000 saved when your newborn is of college age, 18 years from now. You plan to invest in bonds and stocks yielding about a 5.5% annual rate of return. How much money would you have to invest each year to achieve that goal?

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