ackis planning for his son's college education to begin eightyears from today. He estimates the yearly tuition, books, and living expenses to be $20,000 per year for a four-year degree. How much must Jackdeposit today, at an interest rate of 6percent, for his son to be able to withdraw $20,000 per year for four years of college? Assume first withdrawal on the first day of college (beginning of the year)

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