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LUKE is the financial manager for the UM recreation center that has signed an option to purchase new elliptical machines for $17,280 in four years.

LUKE is the financial manager for the UM recreation center that has signed an option to purchase new elliptical machines for $17,280 in four years. If LUKE has an investment opportunity that guarantees 2% interest, how much must LUKE invest to have the necessary funds to purchase the elliptical machines?

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