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Begin a college fund for your new born child

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Reference no: EM131669160

You want to begin a college fund for your new born child; you hope to accumulate $200,000 within 18 years from now. If you are able to investment at 8% annually, how much must you invest in a lump sum to realize the $200,000 when needed? Please show work in a easy way please.

Reference no: EM131669160

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