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Q 1 ) Uncle Sam wishes to make a present deposit that will provide his newborn nephew $ 5 0 , 0 0 0 at

1)

Uncle Sam wishes to make a present deposit that will provide his newborn nephew $

50, 000

at age

18 .

What should be the deposit if the interest rate is

6 % ? (

Ans

.

17, 517.43)

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