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Your savings account pays an annualinterest rate of 1 on

Suppose you want to withdraw $2,500 from your savings account in 3 years and then make a finalwithdrawal of $7,500 from your savings account in 6 years.

Your savings account pays an annualinterest rate of 1% on all deposited funds. How much do you have to deposit today to make these withdrawals?

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Financial Management: Your savings account pays an annualinterest rate of 1 on

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