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Problem #3: Jane wishes to make a deposit now into an account that pays 3% compounded annually with the goal of having $12,000 available at

Problem #3: Jane wishes to make a deposit now into an account that pays 3% compounded annually with the goal of having $12,000 available at the end of 10 years. What deposit it required now? Round to the nearest penny. Use the table on page 395

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