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Business, 05.08.2019 22:20 frankiesoar68

Glenn is starting an annuity, into which he plans on making monthly payments, to save money for his new-born daughter to go to college. he figures he can get an average of 6% compounded monthly on his money. how much should his payments be to have enough to fund his daughter to attend ivy tech for 4 years (estimated annual cost $18,000) if he starts saving as soon as she is born and gives her all the money for college when she is 18 years old.

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