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You plan to visit friends in Asia 6 years later. The trip is expected to cost $15,000 at that time. Your parents are helping you

You plan to visit friends in Asia 6 years later. The trip is expected to cost $15,000 at that time. Your parents are helping you by depositing $5,000 today in a Certificate of Deposit, paying 5.5% interest annually, maturing 6 years from now. Uncle Joe has agreed to pay for all remaining expenses. If you put Uncle Joe's gift in an investment fund earning 9% today for the next 6 years, how much must he deposit today so that you reach your goal of $15,000 at the end of year 6

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