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Alysha would like to support the education of her favourite grand-nephew, Stephen, who plans to begin university in 3 years. How much will Alysha have
Alysha would like to support the education of her favourite grand-nephew, Stephen, who plans to begin university in 3 years. How much will Alysha have to invest today, at 7 percent, to be able to give Stephen $5,200 at the end of each year for 4 years? (Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.) Amount to be invested today $
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