Question: 6. Assume the total expense for your current year in college equals $25,000 due immediately. Your total college expense will remain the same for the

6. Assume the total expense for your current year in college equals $25,000 due immediately. Your total college expense will remain the same for the next 3 years. Approximately how much would your parents have needed to invest 21 years ago in an account paying 6% compounded annually to cover this stream of cash flows? Assume account will continue to pay 6% compounded annually in 21 years

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