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Find a fund that offers an apr

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Reference no: EM131569196

Use the savings plan formula to answer the following question.

Create a college fund for your child. Suppose you find a fund that offers an APR of 7%. How much should you deposit monthly to accumulate ?$81000 in 14 ?years?

You should invest ?$ each month.

?(Do not round until the final answer. Then round to two decimal places as? needed.)

Reference no: EM131569196

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