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Your firm is planning to fund a local charity. You want to deposit a large, single amount into a bank account, that is currently paying

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Your firm is planning to fund a local charity. You want to deposit a large, single amount into a bank account, that is currently paying 5.4% interest. You need to deposit enough so that: (1) the charity can withdraw $ 8.700 one year from today, (2) it can continue withdrawing through end of year 20 (3) withdrawals grow at 3.3% to keep up with inflation, and (4) The ending balance after the last withdrawal will be $0.00 How much should your firm deposit today? A Between 50,000 and 100,000 B Between 100,000 and 125,000 C Between 125,000 and 150,000 D Between 150,000 and 180,000

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