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You want to set up an account that will pay your grandchildren a total of $15,000 per year for 21 years. Since you don't have
You want to set up an account that will pay your grandchildren a total of $15,000 per year for 21 years. Since you don't have any grandchildren yet, you estimate that the first payment will be made in 33 years. If your interest rate is 5.5%, how much money must you deposit today to cover the payments? O $33,193 $53,824 $102,175 O $31.462
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