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Your clients would like to plan for their sons college education. They would like their son, who was born this year, to attend a public
Your clients would like to plan for their sons college education. They would like their son, who was born this year, to attend a public university for 4 years beginning at age 18. Tuition is currently $23,500 per year and has increased at an annual rate of 5.25%. They expect to earn an after-tax rate of return of 7.5%. They want to be able to pay 100% of the costs. 9. What is the expected cost to your clients for
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