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Analyzed your budget and determined that you can invest

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Reference no: EM131312028

You have analyzed your budget and determined that you can invest $60 each month to save towards college expenses for the children . If you invest in an ordinary annuity at 6% annual interest which is compounded monthly, how much will you have when your child is ready for college in 20 years? Please show problem worked.

Reference no: EM131312028

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