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James Just recieved an $8,000 inheritance check from the estate of his dead uncle. James wants to set aside enough money to pay for a
James Just recieved an $8,000 inheritance check from the estate of his dead uncle. James wants to set aside enough money to pay for a trip in 5 years. If the trip is expected to cost $5,000 How much of the $8,000 must james deposit now if the rate of return is 12% per year in order to have the $5,000 in five years? $2,835 $2,000 $2,535 $5,000
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