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A young college student with some inheritance came to an investment banker to ask how much money he would need to deposit for a 10-year

A young college student with some inheritance came to an investment banker to ask how much money he would need to deposit for a 10-year savings account, with an interest rate of 2.25%, in order for that account to be worth $32,000 in 10 years. Using the equation, calculate the present value

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