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Maria would like to have at least $240,000 saved for her daughter's college education. If she invests $85,000 in an education account paying 6.

Maria would like to have at least $240,000 saved for her daughter's college education. If she invests $85,000 in an education account paying 6.45% interest compounded monthly, will she reach her goal in 18 years? Show all work to justify your answer and include appropriate units. The final amount in the account should be rounded to the nearest cent.

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She absolutely... View the full answer

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