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You Have $50,000 Invested in an Account Paying 3

Question 103

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You have $50,000 invested in an account paying 3.50%.If you just finished paying your total college expenses for the coming year and your college costs $19,000 per year,how many years will your money last? (Treat your costs like an annuity with the first payment one year from today.)Use a financial calculator.

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