Abewill need $16,000per year for four years to pay for tuition. How much willAbe's parents...
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Abewill need $16,000per year for four years to pay for tuition. How much willAbe's parents have to invest at the end of each year for the8years before he begins his studies if their savings earn compound interest at6percent per year?
Assume the tuition payments occur at the end of each year.(Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.)
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