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Consider the table to the right and assume that you wish to save enough this year to have $ 7 , 0 0 0 available
Consider the table to the right and assume that you wish to save enough this year to have $ available to spend on a special vacation years from now. How many dollars would you have to save today to ensure that your savings would rise to $ in years if the interest rate appropriate for discounting is percent?
Since you want to have $ available years from now for your special vacation, you would need to save $ this year in order to meet your goal. Enter your response rounded to the nearest whole number.
tableDiscounted Present Values of $
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