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You want to withdraw $ 55,150 from your account at the end of one year and $ 47,785 at the end of the second year.
You want to withdraw $ 55,150 from your account at the end of one year and $ 47,785 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 5 percent p.a.
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