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If you desire to have $30,000 for a down payment for a house in seven years, what amount would you need to deposit today? Assume

If you desire to have $30,000 for a down payment for a house in seven years, what amount would you need to deposit today? Assume that your money will earn 5 percent. Use Exhibit 1-C. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)

Amount to be deposited=

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