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Can you help with the following? 20. Calculation Present Value of a Savings Account. Hal wants to establish a savings fund from which a community

Can you help with the following?

20.

Calculation Present Value of a Savings Account. Hal wants to establish a savings fund from which a community organization could draw $800 a year for 20 years. If the account earns 6 percent, what amount would he have to deposit now to achieve this goal?

A:

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