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You need to have $32,250 in 9 years. You can earn an annual interest rate of 4 percent for the first 5 years, and 4.6

You need to have $32,250 in 9 years. You can earn an annual interest rate of 4 percent for the first 5 years, and 4.6 percent for the next 4 years. How much do you have to deposit today?

Multiple Choice:

$22,171.39

$21,515.16

$23,028.71

$22,142.99

$22,658.42

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