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Rachel would like to have 75,000 saved in 5 years time. She plans to deposit a single amount today that will grow to this target

Rachel would like to have 75,000 saved in 5 years time. She plans to deposit a single amount today that will grow to this target amount. How much does she need to invest if interest rates are 6%? 100,350 13,305 17,806 56,025

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