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Your cousin is currently 8 years old. She will be going to college in 1 0 years. Your aunt and uncle would like to have
Your cousin is currently years old. She will be going to college in years. Your aunt and uncle would like to have $ in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of per year, how much money do they need to put into the account today to ensure that they will have $ in years?
The amount they need to put away today is $ Round to the nearest cent.
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