How much would you need to deposit in a savings account that earns 7%, compounded...
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Accounting
How much would you need to deposit in a savings account that earns 7%, compounded annually, to withdraw $32,000 eight years from now? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest whole dollar amount.)
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