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Hal Thomas wants to establish a savings fund from which a community organization could draw $910 a year for 50 years. If the account earns

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Hal Thomas wants to establish a savings fund from which a community organization could draw $910 a year for 50 years. If the account earns 5 percent, what amount would he have to deposit now to achieve this goal? Use Exhibit 1-D. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Amount to be deposited $ 10,435.33

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