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Your parents wanted to have $160,000 saved for college by your 18th birthday and they started saving on your rst birthday. Each year in your

Your parents wanted to have $160,000 saved for college by your 18th birthday and they started saving on your rst birthday. Each year in your birthday (starting with your rst and ending in your 18th) they saved $4,000. If they earned 8% per year on the savings, were 1they able to have $160,000 by your 18th birthday?

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