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Donna Clark expects to need $62,000 for a down payment on a house in six years. How much would she have to invest today in

Donna Clark expects to need $62,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 9.25 percent in order to have $62,000 in six years? (Round answer to 2 decimal places, e.g. 52.75.) Present value $

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