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Your younger sister, Barbara, will start college in five years. She has just informed your parents that she wants to go to Eastern University, which
Your younger sister, Barbara, will start college in five years. She has just informed your parents that she wants to go to Eastern University, which will cost $ per year for four years assumed to come at the end of each year Anticipating Barbaras ambitions, your parents started investing $ per year five years ago and will continue to do so for five more years. Use percent as the appropriate interest rate throughout this problem for discounting or compounding How much more will your parents have to invest each year for the next five years to have the necessary funds for Barbaras education? Use a Financial calculator to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.
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