Metallurgical engineer, A metallurgical engineer decides to

Metallurgical engineer

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Reference no: EM13946598

A metallurgical engineer decides to set aside money for his newborn daughter's college education. He estimates that her needs will be $20,000 on her 17th, 18th, 19th, and 20th birthdays. If he plans to make uniform deposits starting 3 years from now and continued through 16, what should be the size of each deposit, if the account ears interest at a rate of 8% per year?

Reference no: EM13946598

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