On July 1, Juan plans to make a single (lump-sum) deposit into an investment account that earns 7% compounded annually. He wants this investment to be worth $25,000 ten (10) years later. Question: Rounding to the nearest whole dollar, what should be the amount of Juan's initial investment on July 1? Note: You July use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)