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If you want to withdraw $20,000 at the end of two years and $55,000 at the end of four years, how much should you deposit

If you want to withdraw $20,000 at the end of two years and $55,000 at the end of four years, how much should you deposit now into an account that pays 12 % interest compounded annually? See the accompanying cash flow diagram.

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$55,000 $20,000 0 1 3 4 2 Years P=

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