You just won a $10,000 settlement from consuming a faulty breakfast taco. You would like...

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Finance

You just won a $10,000 settlement from consuming a faulty breakfast taco. You would like to invest these funds into a college fund for your daughter who was just born. She will be able to attend college once the account balance has reached $120,000. If the account will earn 13% compounded annually, how old will your daughter be before she attends college?

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