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How much do you need to deposit in the bank today in order to collect $ 5 , 0 0 0 every year starting at

How much do you need to deposit in the bank today in order to collect $

5, 000

every

year starting at t

= 6

until t

= 12 ?

Assume that the interest rate is R

= 4 %

per year

compounded annually.

Solve in Excel Please

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