Question: Joy Smith is saving money for a down payment on a house. Joy anticipates that she will need $20,000 and would like to make a

Joy Smith is saving money for a down payment on a house. Joy anticipates that she will need $20,000 and would like to make a single deposit today large enough to enable her to reach this goal. If she earns 8 percent interest on her investments, how much should he deposit today to enable her to reach her goal in 4 years?

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