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Nan needs to save $35,000 to finance her wedding two years from today. How much does she need to deposit into her savings account today

Nan needs to save $35,000 to finance her wedding two years from today. How much does she need to deposit into her savings account today to fully fund her wedding if she can earn 5.25 percent interest?

Multiple Choice

  • $35,000.00

  • $38,771.47

  • $31,595.40

  • $32,630.51

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