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How much must be deposited today into the following account in order to have $75,000 in 5 years for a down payment on ahouse? Assume

How much must be deposited today into the following account in order to have $75,000 in 5 years for a down payment on ahouse? Assume no additional deposits are made.

An account with monthly compounding and an APR of 7%

How much should be deposited today?

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