Question: How much would you need to save annually at 5% to make four annual college tuition payments of $15,000 beginning in 20 years? Assume

How much would you need to save annually at 5% to make

How much would you need to save annually at 5% to make four annual college tuition payments of $15,000 beginning in 20 years? Assume annual compounding. Remember that you will be making 4 payments of $15,000 in years 20, 21, 22, and 23.

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