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Savanna, Inc., believes it will need $150,000 in five years to expand its operations. Savanna can earn five percent, compounded annually, if it deposits its

Savanna, Inc., believes it will need $150,000 in five years to expand its operations. Savanna can earn five percent, compounded annually, if it deposits its money right now. How large of a deposit must Savanna make in order to have the necessary $150,000 in five years? Use Excel or a financial calculator for computation. Round answer to the nearest dollar.

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