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John wants to buy a mountain cabin for her retirement. John recently came into an inheritance of $150,000. She estimates that the cabin she wants
John wants to buy a mountain cabin for her retirement. John recently came into an inheritance of $150,000. She estimates that the cabin she wants will cost $170,000 when she retires in 3 years. Click here to view the factor table. If she is able invest her inheritance to earn an annual rate of 8% (compounded annually), will she have enough to buy her cabin? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, e.g. 458,581.) Investment amount $
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