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Mr. Donald Trump is saving up to support his daughters college education. He has decided...

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Accounting

Mr. Donald Trump is saving up to support his daughters college education. He has decided to deposit $100 per month for 18 years. Then his daughter will go to college and receive monthly payments for an expected 3 years. If rates are assumed to be 5% compounded quarterly, how large will those monthly payments be when she is in college over the 3 years? (Total timeline is 21 years)

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