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If a father wants to have $100,000 to send a newborn child tocollege, how much...

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Accounting

If a father wants to have $100,000 to send a newborn child tocollege, how much must he invest annually for 18 years if he earns9 percent on his funds? (any current student who subsequentlybecomes a parent and wants to send a child to college should makethis calculation early in the child's life.)

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