Question: A young couple would like to start saving for their child's college education. If they can save $3,000 per year for the next 20 years

A young couple would like to start saving for their child's college education. If they can save $3,000 per year for the next 20 years at a compound interest rate of 4.0%, how much money will they have saved?

$55,461

$135,789.44

$40,770.00

$89,334.00

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