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Suppose you are committed to owning a $ 1 9 0 , 0 0 0 Ferrari. If you believe your mutual fund can achieve a

Suppose you are committed to owning a $190,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in 9 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g.,32.16))
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