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If you desire to have $13,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume

If you desire to have $13,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume that your money will earn 4 percent. Use Exhibit 1-C. (Round your PV factor to 3 decimal places and final answer to the nearest whole dollar.)

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