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An investor expects to purchase a property for $221,000 exactly 8 years from today. He wants to deposit enough money today to ensure he can
An investor expects to purchase a property for $221,000 exactly 8 years from today. He wants to deposit enough money today to ensure he can make this investment. If his account will pay him 10% per year with annual compounding, how much should he deposit today? Enter your answer as a positive number and round to the nearest dollar.
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