2.) It is 1/1/25 and your first child has just been born (congratulations!). To pay...
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Accounting
2.) It is 1/1/25 and your first child has just been born (congratulations!). To pay for your child's college tuition you wish to make a series of 18 annual payments beginning today. You anticipate four (4) annual payments of $50,000, with the first one due on your child's 18th birthday. Assuming an interest rate of 12% how much will you need to save each year to make this happen (15 points)
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