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Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $480 a month for their daughter Suzanne until she turns 18

Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $480 a month for their daughter Suzanne until she turns 18 in 2 years. Interest is 12% a year. How much must Joe set aside today to meet the settlement? (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount

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