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Question: How much money will Briana and Ken have in the college account on the child's 18th birthday to cover college education? Assume that the yield in investment is 8% per year, college expenses is expected to be $27,000 per year, and the child will complete the degree in 4 years. (Payments of the college cost is at the beginning of each year)

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Basic Finance, Finance

Category:- Basic Finance
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