(Quantitative Question) Assume that your parents wanted to have $140,000 saved for college by your...
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(Quantitative Question) Assume that your parents wanted to have $140,000 saved for college by your eighteenth birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 9% per year on their investments. How much would they have to save each year to reach their goal? $ Write the answer both in the space provided and on the empty pages on which you will also show your work (including timelines)
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