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21) Starting next year, you will need 8,000 annually for 4 years to complete your education. One year from today you will withdraw the first

21) Starting next year, you will need 8,000 annually for 4 years to complete your education. One year from today you will withdraw the first 8,000. Your uncle deposits an amount today in a bank paying 7% annual interest. How much money must you uncle initially invest?

$29,400

$28,736

$25,984

$27,098

$26,272

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