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Your cousin is currently 13 years old. She will be going to college in 5 years. Your aunt and uncle would like to have $ 120 comma 000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.8 % per year, how much money do they need to put into the account today to ensure that they will have $ 120 comma 000 in 5 years?
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Your cousin is currently 13 years old. She will be going to college in 5 years. Your aunt and uncle...
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