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What is the annual savings required to fund

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There are 2 children that will begin college at age 18 and graduate in four years. Assume current costs are $24,000 per year and are expected to increase by 5% per year and investments earn 7%.

Problem 1: Assuming no existing assets are dedicated to college, what is the annual savings required to fund the children's education?

Reference no: EM132841139

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