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24 If you desire to withdraw the amounts given in Table P24 over the next five years from a savings account that earns 7% interest

24 If you desire to withdraw the amounts given in Table P24 over the next five years from a savings account that earns 7% interest compounded annually, how much do you need to deposit now? oY TABLE P24 Amount $15,000 $23,000 3 $36,000 4 $48,000

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