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Mathematics, 31.03.2020 00:44 krystalsozaa

Suppose you want to accumulate $50,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow you to reach your goal. Assume that the compounding and payment periods are the same for all the accounts. Question 1: You deposit $75 per month into an account with an APR of 7%. Question 2: You deposit $200 per month into an account with an APR of 5%.

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