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How much will have in eighteen years

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Reference no: EM132623765

Problem 1: You want to save for your kid's college education and estimated that you will need $100,000 when she/he starts college. You invested $25,000 into an account that earns 7%, compounded daily. How much will you have in 18 years?

Select one:

a. $87,813.48

b. $88,124.89

c. $111,037.36

d. $84,498.31

Reference no: EM132623765

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