Question: (b) How much should they save annually for the next three years if they want to build up Josephs college fund to $20,000, assuming a

(b) How much should they save annually for the next three years if they want to build up Joseph’s college fund to $20,000, assuming a 6 percent rate of return and ignoring taxes on the interest? (Hint: Use Appendix A.1 or visit the Garman/Forgue companion website.)

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