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Dewey Sykes plans to open a business in 4 years when he retires. How much must he invest today to have $8,000 when he retires

Dewey Sykes plans to open a business in 4 years when he retires. How much must he invest today to have $8,000 when he retires if the bank pays 2 % annually, compounded ? the present value of $1.00 table. Dewey Sykes must invest $ (Round to the nearest cent as needed.)

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