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I need to have $440,000 in five years in order to retire. I can buy bonds that will pay a 8.8% interest rate, compounded monthly.

I need to have $440,000 in five years in order to retire. I can buy bonds that will pay a 8.8% interest rate, compounded monthly. How much do I need to invest today, at a minimum, to reach my goal in five years? Round your answer to the nearest penny.
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I need to have $440,000 in five years in order to retire. I can buy bonds that will pay a 8.8% interest rate, compounded monthly. How much do I need to invest today, at a minimum, to reach my goal in five years? Round your answer to the nearest penny

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