How much would you have to invest for each of the next 3, Financial Management

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How much would you have to invest for each of the next 3

Question

Your child will attend college for 4 years, starting 3 years from now. His tuition will be $12,000 per year for each of the four years. How much would you have to invest for each of the next 3 years, starting next year, to fund his tuition? Assume your investments earn 4% per year (compounded annually).

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Financial Management: How much would you have to invest for each of the next 3

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