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Holly would like to plan for her daughter's college education. She would like for her daughter,...

Holly would like to plan for her daughter's college education. She would like for her daughter, who was born today, to attend college for 4 years, beginning at age 18. Tuition is currently $10,000 per year and tuition inflation is 7%. Holly can earn an after-tax rate of return of 9.5%. How much must Holly save at the end of each year, if she wants to make the last payment at the beginning of her daughter's first year of college?

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