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Your account pays interest at 12 percent p.a.. You deposit $ 24,689 in it today. You must have exactly $ 52,161 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).

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Financial Management, Finance

Category:- Financial Management
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