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4 points Nathaniel is saving for his son's college. He expects to need to need 4 annual payments of $31,000 each, with the first annual

4 points Nathaniel is saving for his son's college. He expects to need to need 4 annual payments of $31,000 each, with the first annual payment occurring 12 years from today. Ideally, Nathaniel would like to fully fund the entire bill with a single deposit today. If the discount rate is 7%, how much should he deposit? Round your answer to the nearest penny. 147,273

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