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Consider the table to the right. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars

Consider the table to the right. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars to be received is 3 percent, and you plan to "cash in" all of what you save for retirement this year in exactly 25 years. How many dollars would you have to save this year to ensure being able to have a total of $50,000 accumulated 25 years from now?
Since you want to have $50,000 available 25 years from now for your retirement, you would need to save $ this year in order to meet your goal. (Enter your response rounded to the nearest whole number.)
Discounted Present Values of $1
\table[[Year,3%,5%,8%,10%,20
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