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Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual interest

Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual interest rate of 8%, compounded annually, to have $25,000 in 8 years? a. $12,802.95. b. $13,210.34. c. $13,347.70. d. $13,506.72.

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