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You need to have $33,500 in 14 in years. You can earn an annual interest rate of 5 percent for the first 4 years, 5.6

You need to have $33,500 in 14 in years. You can earn an annual interest rate of 5 percent for the first 4 years, 5.6 percent for the next 3 years, and 6.3 percent for the final 7 years. How much do you have to deposit today?

A. $15,442.60

B. $12,666.97

C. $15,260.30

D. $16,919.78

E. $14,585.28

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