[Solved] How much does Ralph need to invest today

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How much does Ralph need to invest today to have $150,000 in five years if he will earn 8% interest compounded quarterly on his investment?

How much does Ralph need to invest today to have $150,000 in five years if he will earn 8% interest compounded quarterly on his investment? Round to the nearest whole dollar. A. $73,171 B. $102,041 C. $100,946 D. $101,351 E. $105,453

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