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Instant answer within 10 minutes please An investor must make a payment of 5,000 in 5 years' time. The investor wishes to make provision for

Instant answer within 10 minutes please

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An investor must make a payment of 5,000 in 5 years' time. The investor wishes to make provision for this payment by investing a single sum now in a deposit account that pays 10% per annum compound interest. Calculate the initial investment required to meet the payment of 5,000 in 5 years' time

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