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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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