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How much will lisa parents need to have

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Reference no: EM132958254

Question - Lisa will be starting college in September. Annual tuition is $18,000. Lisa plans to complete her studies in four years.

a) How much will Lisa's parents need to have in her college fund at the beginning of Lisa's freshman year if the fund earns 6% compounded annually?

b) How much interest will be earned?

Reference no: EM132958254

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