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Your client whose child will be attending college in 17 years, needs to accumulate some amount of money to pay the tuition and fees for
Your client whose child will be attending college in 17 years, needs to accumulate some amount of money to pay the tuition and fees for four years of college. Your client tells you that she has $69,319 currently set aside for this purpose and wants to know how much this $69,319 will be worth in 17 years if it is invested at 4.91 percent compounded annually? Round the answer to two decimal places.
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