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Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $575 a month for their daughter Suzanne until she turns 18 in
Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $575 a month for their daughter Suzanne until she turns 18 in 2 years. Interest is 6% 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.) Answer is complete but not entirely correct. Amount $ 24,483 67
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