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Suppose you need $8,000 in two years for your vacation to Japan. If you can earn 12% annually, how much do you need to invest

Suppose you need $8,000 in two years for your vacation to Japan. If you can earn 12% annually, how much do you need to invest today?

Select one:

a. $6,377.55

b. $6,200.50

c. $6,400.10

d. $7,120.35

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