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How much would you need to invest today

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Question - You just had a baby (congratulations!) and are already panicking about how expensive college will be by the time she starts. You estimate that you will need $80,000 in 18 years. You can earn 8% compounded annually. How much would you need to invest today?

a. $14,388.70

b. $27,055.49

c. $20,019.92

d. $25,534.80

Reference no: EM133055704

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