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Mathematics, 09.07.2021 07:00 Naysa150724

15. Elena's son will enter college 16 year from now. At that time, she would like to have $20,000 available for college expenses. For that purpose, her bank will set up
an account that pay 7% compounded quarterly. If she makes payment into the
account at the end of each quarter, what must Elena's payments be to achieve her
goal?

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15. Elena's son will enter college 16 year from now. At that time, she would like to have $20,000 a...

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