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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 6 years old. You anticipate that she will be going to college in 12 years. You would like to have $150,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 10% per year, how much money do you need to put into the account today to ensure that you will have $150,000 in 12 years?
Your deposit today should be $ (Round to the nearest cent.)
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