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Joe Smith wishes to have $100,000 in five years. If he can earn annual interest of 3%, how much must he invest today? $86,300 $100,000

Joe Smith wishes to have $100,000 in five years. If he can earn annual interest of 3%, how much must he invest today? $86,300 $100,000 $81,000 $103,000 I DON'T KNOW YET submit

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