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10. V MY NOTES What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow t

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10) 82 12 = =o.ll compounded monthly nata A 390,000 to 13 years A=P [1+ & Jut 90000= P(1+0=1713413 90000 = P(1+0.00916666667]

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