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Will plans to attend college in three years. His grandfather wishes to deposit enough money today in an account paying 5.5% p.a. compounded annually, so

Will plans to attend college in three years. His grandfather wishes to deposit enough money today in an account paying 5.5% p.a. compounded annually, so that he can make withdrawals of $6000 at the end of each year for four years. Withdrawals will not start until three years from now to pay for his tuition. How much should his grandfather invest today?

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