The Jackson's are opening a savings account for their child's college education.In 18 years,they will need about $134,000

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The Jackson's are opening a savings account for their child's college education.In 18 years,they will need about $134,000.If the account earns 6% simple interest,how much money must the Jackson's invest now to cover the cost of the college education?

Use the I=prt formula

asked 12 years ago in Economics by anonymous

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