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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 $7,000 when he retires

Dewey Sykes plans to open a business in 4 years when he retires. How much must he invest today to have $7,000 when he retires if the bank pays 10 % annually, compounded quarterly ? Using the present value of $1.00 table. Dewey Sykes must invest $ . (Round to the nearest cent as needed.)

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