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You just won the lottery! You wish to put enough money away so that you can withdraw $3,000 monthly for 20 years. You can earn

You just won the lottery! You wish to put enough money away so that you can withdraw $3,000 monthly for 20 years. You can earn 8% rate on any funds you deposit. How much will you have to deposit now to meet your goal? (Note: Compounding matches the withdrawal frequency.)

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