Question: You would like to give your son $ 7 0 , 0 0 0 towards his college education 1 2 years from now. How much

You would like to give your son $70,000 towards his college education 12 years from now. How much money must you set aside today for this purpose if you can earn 8% on your investments?
B. $176,271.91
C. $27,797.96
D. $3,688.65
E. $14,211.11
A. $12,250.00

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