You want to save up $80,000 in 12 years to put toward your daughter's education.
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You want to save up $80,000 in 12 years to put toward your daughter's education. You just received a large

inheritance and want to know how much of it to put away today so that you can have the $80,000 in 12 years. Assume you can earn 4% (compounded annually) show your work.

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$49,967.76 of the... View the full answer

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