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On a child's first birthday, a parent wishes to deposit enough money so that the child can withdraw $ 5 0 0 0 per year

On a child's first birthday, a parent wishes to deposit enough money so that the child can withdraw $5000 per year for five years. If the first withdrawal will be on the child's 18th birthday, how much should the parent deposit. The rate is 5% annually.
$9916.91
$9444.68
$21,647.38
$8994.93

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