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Find How much Mr Heffernan need to save on a monthly basis

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Problem 1: Mr. Heffernan wants to give his twin son and daughter $100,000 each when they turn 18. Currently they are 3 years old. How much does Mr. Heffernan need to save on a monthly basis? Assuming that he could invest his savings at a portfolio that earns 4% per year.

Reference no: EM132641851

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