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How much money must you set aside today

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Reference no: EM132946079

Question - You would like to give your daughter $75,000 towards her college education 20 years from now. How much money must you set aside today for this purpose if you can earn 6.5 percent on your investments?

A. $21,284.78

B. $20,270.17

C. $27,852.33

D. $16,091.12

E. $29,311.13

Reference no: EM132946079

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