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Mark and Mindy are new parents.They wish to start saving for their sons college education....

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Accounting

Mark and Mindy are new parents.They wish to start saving for their sons college education. They anticipate theyll need $150,000 in 18 years. How much should they deposit quarterly in an account that pays 7.75% per year compounded quarterly, to have the desired funds in 18 years?

a. $924.86

b. $974.76

c. $1,012.18 d. $872.46 e. $898.54

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