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A young college graduate is planning to purchase her first home 12 years from now, and hopes to save $32000 for a down payment. Using

A young college graduate is planning to purchase her first home 12 years from now, and hopes to save $32000 for a down payment. Using a high-yield savings model with a single deposit now, which will earn 15% per year, what must the college grad deposit now in order to meet their savings goal?

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