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Christina Plans to Contribute $1,200 a Year to Her Niece's

Question 60

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Christina plans to contribute $1,200 a year to her niece's college education.Her niece will graduate from high school in 10 years.If the interest rate is 6%,how much money does Christina need to save for her by the time she graduates from high school?

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FV = $1,200(FVIFA 6,...

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