Question: Question 4: Jack and Jill have just had their first child. If college is expected to cost $150,000 per year in 18 years, how much

Question 4: Jack and Jill have just had their first child. If college is expected to cost $150,000 per year in 18 years, how much should the couple begin depositing annually at the beginning of each year to accumulate enough funds to pay the first years tuition at the beginning of the 18th year? Assume that they can earn a 6% annual rate of return on their investment

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