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Posted on Jul 17, 2024

and an engineer would like to deposit a lump sum of money today into a savings account that is enough to withdraw $2,000 in year

and an engineer would like to deposit a lump sum of money today into a savings account that is enough to withdraw $2,000 in year 3, $5,200 in year 6 and $7,750 in year 9. If the bank pays 10% interest per year, the total amount that the engineer must deposit will be Today is the closest to: a. $7720 O b. $8320 O c. $7520 O d. $9603 O

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