Assume that they can earn an annual rate of return

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Jack and Jill have just had their first child. If college is expected to cost?$190,000 per year in 18 ?years, how much should the couple begin depositing annually at the end of each year to accumulate enough funds to pay the first? year's tuition at the beginning of the 19th? year? Assume that they can earn an annual rate of return of 7?% on their investment.

Reference no: EM131350560

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