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Mr. and Mrs. Brown anticipate that they will need $60,000 for their child's education in...

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Mr. and Mrs. Brown anticipate that they will need $60,000 for their child's education in 18 years. If their savings account earns 4% compounded quarterly, how much would they need to deposit now to reach their goal? (Round to the nearest dollar)$54,000$34,884$2327$29,310

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