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Mathematics, 02.07.2020 01:01 Baby010391

Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at an 8% annual interest rate, compound annually, in order to have $40,000 in the fund at the end of 10 years?

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Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they...
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