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| rev | Admin | (Created page with "'''Solution: E''' At the time of the final deposit the fund has <math display = "block">750 s_{\overline{18}|0.07} = 25, 499.27</math> This is an immediate annuity because the evaluation is done at the time the last payments is made (which is the end of the final year). A tuition payment of 6000 (1.05)<sup>17</sup> = 13, 752.11 is made, leaving 11,747.16. It earns 7%, so a year later the fund has 11,747.16(1.07) = 12,569.46. Tuition has grown to 13,752.11(1.05) = 14,439...") | Nov 19'23 at 0:18 | +561 |