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Your child will go to a private school starting in 4 years. The tuition for the school is $32974 per year, for 4 years starting in year 4. If the interest rate is 5% compounded annually, how much must you deposit today to just be able to fund the tuition?

Do your intermediate calculations to 4 decimal places and then round the final answer to the nearest dollar.

State your answer as the number only with no $ sign or commas,

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92787368

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