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You will need $12,000 at the end of each of the next four years. If an interest rate of 6% is appropriate, how much must

You will need $12,000 at the end of each of the next four years. If an interest rate of 6% is appropriate, how much must you deposit today to receive these payments?

A $41,581

B $2,880

C $38,021

D $50,880

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