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In the next 10 years after graduation, you would like to reward yourself and buy a new ferrari which costs a $225,000. If you believe

In the next 10 years after graduation, you would like to reward yourself and buy a new ferrari which costs a $225,000. If you believe your mutual fund can earn you 12% each year, How much would you need to invest in the account today to reach the goal over the next ten years?

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