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Problem 8. [4 pts] Ms Wong wants to establish a savings fund from which a Light & Love Home charitable organization in British Columbia could

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Problem 8. [4 pts] Ms Wong wants to establish a savings fund from which a Light \& Love Home charitable organization in British Columbia could draw $30,000 at the beginning of each year for 30 years. If the account earns 6%, what amount does Ms Wong have to deposit now to achieve this noble goal? (Show your calculations)

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