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Michael Paul wants to start his own business when he graduates from college in three years and he needs $600,000 to do so. How much

Michael Paul wants to start his own business when he graduates from college in three years and he needs $600,000 to do so. How much money must he put aside today assuming he can earn 8 percent compounded quarterly? (Points : 1)

$473,100

$238,268

$576,000

$300,000

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