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You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn

You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings? Multiple Choice $1,007.94 $995.72 $1,023.90 $1,036.34

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