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Suppose you are committed to owning a $250,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 7 percent

Suppose you are committed to owning a $250,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 7 percent and you want to buy the car in 10 years (on the day you turn 30), how much must you invest today? Round your answer to the nearest dollar.
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Suppose you are committed to owning a $250,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 7 percent and you want to buy the car in 10 years (on the day you turn 30), how much must you invest today? Round your answer to the nearest dollar

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