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Question
In order to send your first child to Law School when the time comes, you want to accumulate $40,000 at the end of 18 years. Assuming that your savings account will pay 6% compounded annually, how much would you have to deposit if:a. you want to deposit an equal amount at the end of each year?
b. you want to deposit one large lump sum today?
Answer
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Related questions
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Q:
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