Your cousin is currently 14 years old. She will be going to college in 4 years. Your
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Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $120,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.9% per year, how much money do they need to put into the account today to ensure that they will have
$120,000 in 4 years?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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