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Mathematics, 26.10.2019 05:43 carolyn7938
Your parents start saving for your sister’s college education. she will begin college at the age of 18 and will need $4,000 per year at the end of each of the following four years she stays in college. tuitions are paid after starting college. they will start to make a deposit one year from today in an account which pays 6% compounded annually and they continue making an identical deposit until the year your sister starts college. if a deposit of $1,987 will allow them to reach their goal, how old is your sister?
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