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Suppose you need to have $2,000 in three years. If you can earn 8 percent, how much do you have to invest to make sure

  1. Suppose you need to have $2,000 in three years. If you can earn 8 percent, how much do you have to invest to make sure you have the $2,000 when you need it? In other words, what is the present value of $2,000 in three years if the relevant rate is 8 percent?

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