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Your daughter will start college one year from today, at which time the first tuition payment of $58,000 must be made assume that tuition does
Your daughter will start college one year from today, at which time the first tuition payment of $58,000 must be made assume that tuition does not increase over time and that your daughter remains in school for four years. how much money do you need today in your saving account earning 5% per annum in order to make tuition payments over the next four years provided that you have to pay 35% per annum in taxes on any earning(savings) ?
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