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If you desire to have $9,500 for a down payment for a house in five years, what amount would you need to deposit today? Assume

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If you desire to have $9,500 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 4 percent. Use the relevant table from Chapter 1 (Exhibit 1A, 1B, 1C or 1D). (Round your PV factor to 3 decimal places and final answer to the nearest whole dollar.) Deposit

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