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Your daughter is currently 8 years old. You anticipate that she will be going to college in ten years. You would like to have $100,000 in a sayings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3% per year, how much mone you need to put into the account today to ensure that you will have $100,000 in ten years? y do
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Answer #1

Timeline: lo 2 00,000 PV= 100,000- 4,409.39 .03 hau loo,00o in Io to puł 74,403.39 today unto the accountThank you..

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Answer #2

for rounded to nearest dollar it's 74,409

answered by: Andrew San Andres
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