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If you desire to have $20,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume

If you desire to have $20,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume that your money will earn 2 percent. Use the appropriate factor(s) from the tables provided.

Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to the nearest whole number.

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