ABC and DEF are saving for the university education of their newborn son, GHI. The couples estimate

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ABC and DEF are saving for the university education of their newborn son, GHI. The couples estimate that university costs will be 30,000 per year when their son reaches university in 18 years. The annual interest rate over the next few decades will be 14%. How much money must they deposit in the bank each year so that their son will be completely supported through four years of university

Posted Date: May 18, 2024 10:06 PM

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ABC and DEF are saving for the university education of their newborn son, GHI. The couples estimate

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