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your cousin is currently 8 years old. She will be going to college in 10 years. your aunt

your cousin is currently 8 years old. She will be going to college in 10 years. your aunt and uncle would like to have $105,000 in a saving account to fund her education at the time. If the account promises to pay a fixed interest rate of 3.8% per year, how much money do they need to put into the account today to ensure that they will have $105,000 in 10 years?

Dec 06 2019 View more View Less

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