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Patricia and Joe Payne are divorced. the divorce settlement stipulated that joe pay $525 a month for their daughter Suzanne until she turns 18 in

Patricia and Joe Payne are divorced. the divorce settlement stipulated that joe pay $525 a month for their daughter Suzanne until she turns 18 in 4 years. How much must Joe set aside today to meet the settlement? Interest is 6% a year.

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