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Mr. Jones expects that his son will be married in Hawaii in 3 years. Including airfare, hotel accommodations, rehearsal dinner and wedding attire, the estimated

Mr. Jones expects that his son will be married in Hawaii in 3 years. Including airfare, hotel accommodations, rehearsal dinner and wedding attire, the estimated cost is $28,000. How much must Mr. Jones deposit now into a Certificate of Deposit paying 4% annually to pay for the celebration?

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