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Bob Carson would like to make a $20,000 down payment on a condo in eight years. What amount would he need to deposit today? Assume

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Bob Carson would like to make a $20,000 down payment on a condo in eight years. What amount would he need to deposit today? Assume that his money will earn 7 percent. Use Exhibit.1-9. (Round your PV factor to 3 decimal places and final answer to the nearest whole dollar) Deposit

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