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Find the amount that should be set aside today to yield the desired future amount. Use Present Value of $ 1 . 0 0 table.

Find the amount that should be set aside today to yield the desired future amount. Use Present Value of $

1.00

table.

Future amount needed

=

8, 000

; Interest rate

= 6 %

; Compounding

=

quarterly; Investment time

= 6

years.

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