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Your parents have accumulated a $160,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you

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Your parents have accumulated a \$160,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nall salon your parents are giving courtney $31,000 to help her get started, and they have decided to take year-end vacations costing $11,000 per year for the next four. years. Use 9 percent as the approprlate interest rate throughout this probiem. Use ADpendix A and A poendix D for an approximate answer, but calculate your final answer using the formula and financlal calculator methods o. How much money will your parents have at the end of four years to help you with graduate school, which you will start then? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. You plan to work on a master's and perhaps a PnD. If graduate school costs $29.260 per year. approximately how long wal you be able to stay in school based on these funds? Note: Do not round intermediote calculotions. Round your finol onswer to 2 decimol places. rY=rvin+yF

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