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A young couple wants to start a family in five years time. They plan to add an addition to their home in four years so

A young couple wants to start a family in five years time. They plan to add an addition
to their home in four years so it is ready when they start their family. They estimate that
$95,000 will be needed in four years. They can earn 7% on an investment now. If the
couple makes one lump sum deposit now in order to have $95,000 in four years, how
much should they deposit. A IS CORRECT
A) $71,799
B) $72,616
C) $71,163
D) $72,755
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