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Mr. and Mrs. Johnson know that in 6 years, their daughter Ann will attend State College. She will need about $20,000 for the first year's tuition. How much should the Johnsons deposit into an account that yields 1.5% interest, compounded annually, in order to have that amount? Round your answer to the nearest thousand dollars.

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User Arinmorf
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Answer:37

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User Colinross
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