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You would like to give your daughter $55,000 towards her college education sixteen years from now. How much money must you set aside today for

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You would like to give your daughter $55,000 towards her college education sixteen years from now. How much money must you set aside today for this purpose if you can earn 8% on your funds? Multiple Choice $16,053.98 $15,033.84 $15,250.00 $16,245.33 $14,775.50

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