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Your Friend,Justin,started College at the Age of 18 with $40,559

Question 9

Multiple Choice

Your friend,Justin,started college at the age of 18 with $40,559 already saved.He has this money because 18 years ago when he was born his parents placed money into a special college savings account earning 7.00% per year.How much money did Justin's parents place into his college account?


A) $12,000
B) $18,000
C) $19,262
D) $21,000

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