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1 John's lifelong dream is to own his own fishing boat to use in his retirement He estimates that the boat he wants will cost

1 John's lifelong dream is to own his own fishing boat to use in his retirement He estimates that the boat he wants will cost $300,000 when he retires in 5 years. What amount must John invest today, at an interest rate of 12% (compounded annually) to buy the boat at retirement

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