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08-03-2024
Business

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Assume that the full cost of a Harvard degree will be $525,000 exactly 18 years from now. What should be the first deposit of the parents into the account so the value of the college fund is EXACTLY $525,000 when their child enters college?

A) $189,428.57
B) $215,000.00
C) $220,000.00
D) $250,000.00

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