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Assume the total expense for your current year in college equals $20,000.


Assume the total expense for your current year in college equals $20,000. Approximately how much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?

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Amount invested 21 years... View the full answer

1 comment
  • answer is $3973.11 , answer typed above by mistake..
    • rranjan1
    • May 10, 2018 at 11:25am

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The best way to approach your question... View the full answer

1 comment
  • are u looking for deposits annually or a lumpsum invested 21yrs ago?
    • payaljain3
    • May 10, 2018 at 10:45am

Amount Invested 21 Years ago... View the full answer

1 comment
  • It is $3973.11 , Answer Typed by error above
    • rranjan1
    • May 10, 2018 at 11:26am

Compound interest It is the interest that is added back to... View the full answer

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