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Rupan and Fruvan both want to have $5,000 in three years. Rupan expects to earn 8% on his investments and Fruvan expects a 7% rate

Rupan and Fruvan both want to have $5,000 in three years. Rupan expects to earn 8% on his investments and Fruvan expects a 7% rate of return. How much money would each have to invest today?

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