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Starting next year, Samantha will need $12,000 annually for three years to complete her undergraduate studies. (One year from today, she will withdraw the first

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Starting next year, Samantha will need $12,000 annually for three years to complete her undergraduate studies. (One year from today, she will withdraw the first $12,000.) Her parents deposit an amount today in an investment paying 6% annual interest, which will provide the needed $12,000 disbursements. How large must their deposit be? $96,228.43 $33,962.26 $30,226.29 $32,076.14 none of these

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