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Hyundai Motor Co. plans to set aside an annual payment of $18,000 per year for 4 years for replacement of equipment. Assuming 8% compounded annually,

Hyundai Motor Co. plans to set aside an annual payment of $18,000 per year for 4 years for replacement of equipment. Assuming 8% compounded annually, what lump sum deposited today would result in the same future value?

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