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Your daughter is currently 6 years old. You anticipate that she will be going to college in 1 2 years. You would like to have
Your daughter is currently years old. You anticipate that she will be going to college in years. You 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 you need to put into the account today to ensure that you will have $ in years?
Your deposit today should be $ Round to the nearest cent.
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