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revAdmin (Created page with "College tuition is 6000 for the current school year, payable in full at the beginning of the school year. College tuition will grow at an annual rate of 5%. A parent sets up a college savings fund earning interest at an annual effective rate of 7%. The parent deposits 750 at the beginning of each school year for 18 years, with the first deposit made at the beginning of the current school year. Immediately following the 18th deposit, the parent pays tuition for the 18th s...")Nov 19'23 at 0:17+769