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David wants to have $25,000 five years from now to buy a new car. He wants to make one deposit today to fund this expenditure.

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David wants to have $25,000 five years from now to buy a new car. He wants to make one deposit today to fund this expenditure. How much does he have to deposit if he can earn 3.6% per year on his savings? $20,108.2 $20,947.9 $22,483.3 $23,211.4

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