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Please explain steps and equations used. #5 Suppose you need to have $55,262.00 in an account 19.00 years from today and that the account pays

image text in transcribedPlease explain steps and equations used.

#5 Suppose you need to have $55,262.00 in an account 19.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 12.00 years from today? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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