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Will and Jane Sparks are establishing a college fund for their​ 1-year-old daughter, Jennifer. They want to save enough now to pay college tuition at the time she enters college ​(17 years from​ now). If her tuition is projected to be $ 25000 for a​ two-year degree, what annual sinking fund payment should they establish if the annual interest is 4 %

Sagot :

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