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Nancy Jackson expects to need $ 47,000 for a down payment on a house in six years. How much would she have to invest today

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Nancy Jackson expects to need $ 47,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 6.25 percent in order to have $ 47,000 in six years? (Round answer to 2 decimal places, eg. 5275.) Present value

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