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In 4 years from today you need to have $15,000. If you can earn 11% on your investment, how much do you need to invest
In 4 years from today you need to have $15,000. If you can earn 11% on your investment, how much do you need to invest today to have enough money in three years? Please show your work. You need to use the correct time value of money formula. Using the present value or future value factors will not be accepted.
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