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You want to have $45,678 in cash to buy a car in 5 years. You expect to earn 9.25% per year on your savings. If

  1. You want to have $45,678 in cash to buy a car in 5 years. You expect to earn 9.25% per year on your savings. If you plan to invest $2,795 at the beginning of each year, how much additional money do you need to deposit today to be able to buy this car for cash? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

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