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How much she will need to set aside today to pay

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Question - Maria's daughter will be attending college in 7 years. Assume current tuition and fees are $50,231, and inflation for college costs averages 4.7 percent, and Anna can earn 3.1 percent on the money she invests for this purpose. Anna wants to know how much she will need to set aside today to pay 4 years of tuition and fees.

Reference no: EM133162871

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