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Yout cousin is currently 9 years old. She will be going to colioge in 9 years. Your aunt and uncle would like to have 595,000
Yout cousin is currently 9 years old. She will be going to colioge in 9 years. Your aunt and uncle would like to have 595,000 in a savings account to tund her education at that time. If the account promser to pay a fixod interest rate of 4.3% per year, how much money do they need to put into the account loday to ensure that they wit have $95,000 in 9 years? The amount they need to put away today is 8 (Round to the nearest cont)
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