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Brenda Young desires to have 18 000 eight years from now for her daughter s...

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Basic Math

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Brenda Young desires to have 18 000 eight years from now for her daughter s college fund If she will earn 8 percent compounded annually on her money what amount should she deposit now Use the present value of a single amount calculation Use Exhibit 1 C Round time value factor to 3 decimal places and final answer to 2 decimal places

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