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Back to Library QID: #25681

Solution for QID #25681: A couple plans to save for their child's college educati | StudyHelpMe

Subject: Math

Status: Verified Solution

A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have $36,000 when the child reaches the age of 18? Assume the money earns 9% interest, compounded quarterly. (Round your answer to two decimal places.) $

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