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Hilda wishes to deposit an amount into her savings account that will enable her to withdraw $1,600 per year for the next four years. She
Hilda wishes to deposit an amount into her savings account that will enable her to withdraw $1,600 per year for the next four years. She should deposit and amount equal to $1,600 multiplied by the: O 1) Present value of a single sum 2) Future value of a single sum factor 3) Future value of an ordinary annuity factor 4) Present value of an ordinary annuity factor
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