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How much would you need to deposit in a savings account that earns 11%, compounded annually, to withdraw $29,000 eight years from now? (Future Value

How much would you need to deposit in a savings account that earns 11%, compounded annually, to withdraw $29,000 eight years from now? (Future Value of $1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest whole dollar amount.) O Multiple Choice $67,280 $25.953 $25.861 $12.583

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