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Fargo Freightlines plans to build a new garage in 3 years to have more space for repairing its trucks. The garage will cost $325,000. What
Fargo Freightlines plans to build a new garage in 3 years to have more space for repairing its trucks. The garage will cost $325,000. What lump-sum amount should the company invest now to have the $325,000 available at the end of the 3 year period? Assume that the company can invest money at 5 percent. (Round to nearest dollar)
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