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How much must be deposited today into the following account in order to have a $130,000 college fund in 16 years? Assume no additional deposits

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How much must be deposited today into the following account in order to have a $130,000 college fund in 16 years? Assume no additional deposits are made, An account with annual compounding and an APR of 6.5% should be deposited today (Do not round until the final answer. Then found to the nearest cent as needed)

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