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Ten years ago, Hailey invested $1,000 and locked in an annual interest rate of 7 percent for 30 years (ending 20 years from now). Aidan

Ten years ago, Hailey invested $1,000 and locked in an annual interest rate of 7 percent for 30 years (ending 20 years from now). Aidan can make a 20-year investment today and lock in an interest rate of 8 percent. How much money should he invest now in order to have the same amount of money in 20 years as Hailey

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