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A young couple have decided to make advance plans for financing their 3 year-old son's college education. Money can be deposited at 7% compounded annually. What annual deposit on each birthday from the 4^th to the 17^th inclusive must be made to provide exist16,000 on each birthday from the 18^th to the 21^st. inclusive?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92400815

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