If they can save 3000 per year for the next 20 years at a


Question

A young couple would like to start saving for their child's college education.

If they can save $3,000 per year for the next 20 years at a compound interest rate of 4.0%, how much money will they have saved?

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Financial Management: If they can save 3000 per year for the next 20 years at a
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