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Lauren wants to withdraw $4,000 at the beginning of each year for the next 7 years. She expects to earn 10.5% compounded annually on her

Lauren wants to withdraw $4,000 at the beginning of each year for the next 7 years. She expects to earn 10.5% compounded annually on her investment. What lump sum should Lauren deposit today?

	1.	$21,168.72
	2.	$20,627.25
	3.	$18,667.20
	4.	$19,157.21

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