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Question 19 of 45 072.22 TIL View Policies Show Attempt History Current Attempt in Progress Barbara wants to buy a mountain cabin for her retirement.

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Question 19 of 45 072.22 TIL View Policies Show Attempt History Current Attempt in Progress Barbara wants to buy a mountain cabin for her retirement. Barbara recently came into an inheritance of $390,000. She estimates that the cabin she wants will cost $400,000 when she retires in 5 years. Click here to view the factor table. How much of her inheritance must she invest at an annual rate of 8% (compounded annually) to buy her cabin? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Investment amount $ e Textbook and Media Save for Later Attempts: unlimited Submit

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