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Lucy and Fred Want to Begin Saving for Their Baby's

question 105

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Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $150,000 in eighteen years. If they are able to earn 6% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?


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A brand name given by a manufacturer to a product or range of products.

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White blood cells, such as lymphocytes or neutrophils, that have specific roles in the body's immune response.

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