Question: If you desire to withdraw the amounts given in Table P3.19 over the next five years from a savings account that earns 7% interest compounded

If you desire to withdraw the amounts given in Table P3.19 over the next five years from a savings account that earns 7% interest compounded annually, how much do you need to deposit now?

Amount $25,000 33,000 46,000 38,000

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