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Suppose you will need $24,000 in 18 years. If your bank compounds interest at an annual rate of 7%, how much will you need to

Suppose you will need $24,000 in 18 years. If your bank compounds interest at an annual rate of 7%, how much will you need to deposit into your account 3 year(s) from now to reach your goal? Enter your answer rounded to two decimal places.

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