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Suppose you will need $ 8 9 , 0 0 0 in 2 3 years. If your bank compounds interest at an annual rate of

Suppose you will need $89,000 in 23 years. If your bank compounds interest at an annual rate of 8%, 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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