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(Ignore income taxes in this problem.) How much would you have to invest today in...

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Accounting

(Ignore income taxes in this problem.) How much would you have to invest today in the bank at an interest rate of 7% to have an annuity of $4,200 per year for 9 years, with nothing left in the bank at the end of the 9 years? Select the amount below that is closest to your answer.

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