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T Twenty years from now, you want to spend $175,000 for a fancy car. How much must you deposit as a lump sum today to

T

Twenty years from now, you want to spend $175,000 for a fancy car. How much must you deposit as a lump sum today to achieve this goal at an annual interest rate of 6.6 percent?

$54,208.16

$48,740.95

$57,911.08

$40,019.82

$51,446.60

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