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6. In 4 years from now, you will need $5,000 at the beginning of each year, for 3 years to fund tuition costs. The expected

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6. In 4 years from now, you will need $5,000 at the beginning of each year, for 3 years to fund tuition costs. The expected interest rate at that time will be 6%. How much do you need today, at the current 4% interest rate, to fund this 3 year investment? (8)

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