How much money must they set aside today to cover the cost, Financial Management

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How much money must they set aside today to cover the cost

A couple with a new baby girl want to set aside money today that will cover her four years of college. This will be a ONE-time contribution to a mutual fund that returns 9.00% per year on average. Currently, college tuition costs $44,100.00 for four years, but it is growing at 2.00% per year. The "baby" girl will start college in 17.00 years.

How much money must they set aside today to cover the cost of college?

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Financial Management: How much money must they set aside today to cover the cost

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Financial Management: How much money must they set aside today to cover the cost

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