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Question
Andre's wonderful parents established a college savings plan for him when he was born. They deposited $50 into the account on the last day of each month. The account has earned 10.9% compounded monthly, tax-free. How much can they withdraw on his 18th birthday to spend on his education?A) $27,560
B) $30,028
C) $33,307
D) $43,730
Answer
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