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(Ignore income taxes in this problem.) Judy Soope just received an annual raise of $700 starting with the current year. If Ju(Ignore income taxes in this problem.) You have deposited $28,038 in a special account that has a guaranteed interest rate of(Ignore income taxes in this problem.) How much would you have to invest today in the bank at an interest rate of 6% to have

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Answers are highlighted in yellow: Solution: Answer: $ 4,373 Explanation: Using Excel formula: $ 4,373 = PV(rate,nper,pmt,fv)

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