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4. Your employer has given you the following task: He wants to know how much he has to invest now to have $10,000 for a

4. Your employer has given you the following task: He wants to know how much he has to invest now to have $10,000 for a new piece of machinery he wants to purchase in 5 years. The bank has quoted him an interest rate of 8% compounded daily. Round your answers and other calculation to two decimals.

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