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You have a balance of $92,145 in an investment account you opened 8 years ago. Except for the initial amount, you have not made any
You have a balance of $92,145 in an investment account you opened 8 years ago. Except for the initial amount, you have not made any other deposit into this account. If you have earned an annual rate of return of 4% each year, What was your initial deposit when you first opened this account? Round your answer to two decimals.
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