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A loan you took out is due in three years and requires repayment of $3,000. To pay off the loan, you set aside money in

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A loan you took out is due in three years and requires repayment of $3,000. To pay off the loan, you set aside money in an account that pays 7% interest. In order to meet your obligation, how much money needs to be in the account right now? Money required today =

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