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    Mr Blochirt investment

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    Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 15 years and expects to earn a 8% annual rate of return. How much money will his daughter have when she starts college?

    A) $11,250 B) $12,263 C) $24,003 D) $23,079

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    Here we have to find out the compounded value of ...

    Solution Summary

    The solution calculates the result of a college investment fund.