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Establish a fund for grandson college education

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Reference no: EM132028118

Hector and Yolanda want to establish a fund for their? grandson's college education. What lump sum must they deposit at a 10.7?% annual interest? rate, compounded quarterly?, in order to have ?$30,000 in the fund at the end of 15 ?years?

?(Round up to the next? dollar, as ?needed.)

Reference no: EM132028118

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