Grandparents decided to start a college fund for their soon


Grandparents decided to start a college fund for their soon to be born granddaughter. They plan to make third first deposit the day she is born and plan to make the last deposit on her 10th birthday. They want the child to be able to withdraw 10,000 per year for four years, beginning on her 18th birthday. if the interest rate is 8% compounded annually, how large should their deposits be?

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Business Economics: Grandparents decided to start a college fund for their soon
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