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An investor plans to save $ 5 , 0 0 0 , $ 1 , 0 0 0 , and $ 4 2 , 0
An investor plans to save $ $ and $ in each of the next three years, respectively. How much would you need to deposit in one lump sum today to have the same amount as the investor three years from now if you both earn percent, compounded annually?
Multiple Choice
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