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4. Suppose you want to have $100,000 saved by the time you reach age 30 and suppose that you are 20 years old today. If

4. Suppose you want to have $100,000 saved by the time you reach age 30 and suppose that you are 20 years old today. If you can earn 11% on your funds, how much would you have to invest today to reach your goal?

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