Question 12 (1 point) You assume you will need $200,000 to pay for your child's college...
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Question 12 (1 point) You assume you will need $200,000 to pay for your child's college education. The child has just turned 6. How much money would you have to deposit at the end of every month starting today to ensure the availability of this amount by the time the child turns 18? Assume that you can earn an effective interest rate of 12.0% per year. Question 12 (1 point) You assume you will need $200,000 to pay for your child's college education. The child has just turned 6. How much money would you have to deposit at the end of every month starting today to ensure the availability of this amount by the time the child turns 18? Assume that you can earn an effective interest rate of 12.0% per year.
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