Matt would like to start saving for his daughter's college education. She will start college in...
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Matt would like to start saving for his daughter's college education. She will start college in 12 years, and Matt believes he will need to save $202,000. Starting today, Matt plans to deposit the same amount each year in a 529 college savings plan that can earn a return of 7%. How much will Matt need to deposit each year in order to achieve his savings goal? Matt would like to start saving for his daughter's college education. She will start college in 12 years, and Matt believes he will need to save $202,000. Starting today, Matt plans to deposit the same amount each year in a 529 college savings plan that can earn a return of 7%. How much will Matt need to deposit each year in order to achieve his savings goal?
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