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How much must I invest today in order to have $32,000 in 8 years assuming 20% interest compounded annually? Multiple Choice $49,689.44 $20,608.00 $7,456.00 $12,800.00

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How much must I invest today in order to have $32,000 in 8 years assuming 20% interest compounded annually? Multiple Choice $49,689.44 $20,608.00 $7,456.00 $12,800.00

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