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Show your work in the READ PLAN SOLVE CHECK format. 1.) Mr. McGillicuddy wished to invest a sum of money so that the interest each year would pay for his son's college expenses. If the money was invested at 8% and the college expenses were $10,000 per year, how much should Mr. McGillicuddy invest?

Sagot :

READ

You must read the problem,

PLAN

x is the money invested

the equation is

x(0.08)= 10000

x=10000/0.08

x=$125,000.00

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