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Suppose Jim wants to be able to withdraw $10,000 at the end of five years and...

Suppose Jim wants to be able to withdraw $10,000 at the end of five years and withdraw $12,000 at the end of six years, leaving a zero balance in the account after the last withdrawal. If Jim can earn 5% on his balances, how much does he need to deposit today to satisfy his withdrawals needs?

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