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Your cousin is currently 12 years old sho will be going to college in 6 years Your aunt and unde would like to have $100.000

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Your cousin is currently 12 years old sho will be going to college in 6 years Your aunt and unde would like to have $100.000 in a savings account to fund her education at that time of the account promises to pay a fixed interest rate of 40% por year, how much money do they need to put into the account today to ensure that they will have $100,000 in years? The amount they need to put away today's $ (Round to the nearest cent)

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