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Mathematics, 27.01.2021 01:20 amandafutch24

Elena’s son will enter college 16 years from now. At that time, she would like to have 20,000 Available for college expenses. For that purpose, her bank will set up an account that pay 7% compounded quarterly. If she makes payments into the account at end of each quarter, what must Elena’s payments be to achieve her goal?

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Elena’s son will enter college 16 years from now. At that time, she would like to have 20,000 Availa...

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