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A couple is funding a newborns future university tuition costs, estimated at $9,000/year for four years, with the first payment due as a lump sum

A couple is funding a newborns future university tuition costs, estimated at $9,000/year for four years, with the first payment due as a lump sum in 18 years. Assuming a 12% effective annual rate, the required deposit today is closest to:

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