Question: 2. QUESTION (20 POINTS). Your child is 1 years old now and will begin college at 18th years. Assume that you will start to accumulate

2. QUESTION (20 POINTS). Your child is 1 years old now and will begin college at 18th years. Assume that you will start to accumulate 1,000TL college fee per month in a bank account when your child arrives 5 years old. If the applicable interest rate is 15 percent, what is the price of college

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