Bernice has a 2 year old daugter named Giselle. Bernice wants to deposit money into an account
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- Bernice has a 2 year old daugter named Giselle. Bernice wants to deposit money into an account today such that when Giselle turns 18 the account value will be $40000.
- Bernice believes her after tax rate of return for the 16 year period will be 8% compounded annually. within $1, how much does Bernice need to deposit into an account today to reach this goal?
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