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Lucy and Fred want to begin saving for their baby's college education. They estimate that...

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Accounting

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $128000 in fourteen years. If they are able to earn 8% per annum, how much must be deposited at the end of each of the next fourteen years to fund the education? Use factor tables

$15526.

$5286.

$5959.

$14954.

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