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If you needed $5,000 in 5 years and the annual interest rate was 8%, how much would you have to invest today to have the

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If you needed $5,000 in 5 years and the annual interest rate was 8%, how much would you have to invest today to have the $5,000 in 5 years? (assume interest is compounded annually and round your answer to the nearest dollar)? O $7,000 $3,403 $3,000 O $7,347

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