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Linda and Robert want to begin saving for their baby's college education. They estimate that...

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Accounting

Linda and Robert want to begin saving for their baby's college education. They estimate that they will need $195000 in eighteen years. If they are able to earn 8% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?

$8773.

$4821.

$5110.

$4678.

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