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Lily plans to invest some money today so that he will receive $ 7 0 , 0 0 0 in three years time. If the

Lily plans to invest some money today so that he will receive $

70, 000

in three years time. If the investment he is considering will p annual interest

4

percent compounded quarterly, how much will he have to invest today?

(

Round to the nearest dollar and ensure use the discount table

)

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