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Kathryn is looking to save $20,000 at the end of every year for 4 years. How much will she need in her bank account now

Kathryn is looking to save $20,000 at the end of every year for 4 years. How much will she need in her bank account now to accomplish this if she can earn 5% per annum on these funds?

Select one:

a. $70,919

b. $71,465

c. $72,699

d. $74,465

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