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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 fastern University, which

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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 fastern University, which will cost $46,000 per year for four years (ossumed to come at the end of each yean). Anticipating Barbara's ambitions. your parents started investing $6.600 per year five years ago and will continue to do so for five more years. Use 12 peicent 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 necessacy funds for Barbara educition? (Use o Financial calculator to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollor.) Investment each year

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