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16 You need to have $34,500 in 7 years. You can earn an annual interest rate of 5 percent for the first 4 years, and

16 You need to have $34,500 in 7 years. You can earn an annual interest rate of 5 percent for the first 4 years, and 5.6 percent for the next 3 years. How much do you have to deposit today? eBook Multiple Choice Print eferences $24,518.51 $21,837.75 $22,695.07 O $23,559.80 $23,559,80 Multiple Choice $24,518.51 points eBook $21,837.75 Print References $22,695.07 $23,559.80 $24,102.95

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