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You want to buy a condo in three years, and you need $25,000 for a down payment. How much do you need to put into

You want to buy a condo in three years, and you need $25,000 for a down payment. How much do you need to put into an investment account right now so that you will have $25,000 in three years? Assume that the investment will pay 8% interest, compounded annually. Please use these TVM Tables to answer the question.

A.

$25,200
B.

$51,540
C.

$19,850
D.

$64,920

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