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Business, 16.08.2019 08:20 eblanch86

You anticipate having to pay $30,000 per year for your child’s college education starting 10 years from now. you plan to finance four years of college by making quarterly deposits in a savings account starting now. the final deposit is made three months prior to the first college payment, for a total of 40 deposits. each annual college payment is made in full at the beginning of the school year. if the savings account earns 8% per annum convertible quarterly, what should your quarterly deposit be?

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