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Jordan is planning to start college in 7 years and expects to need $ 3 4 4 5 7 to cover tuition and living expenses

Jordan is planning to start college in 7 years and expects to need $34457 to cover tuition and living expenses for the first year. Jordan has found a savings account with a guaranteed annual interest rate of 4.8%. How much will Jordan need to deposit in the savings account today to ensure they have $34457 when college starts?

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