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You are investing for your sisters university fees. She expects to need $3,000 in 3 years, $4,000 in 4 years, $5,000 in 5 years, and

You are investing for your sisters university fees. She expects to need $3,000 in 3 years, $4,000 in 4 years, $5,000 in 5 years, and $6,000 in 6 years. If you can earn 8% annually your investments, what single amount do you need to invest today to provide for the cash flows?

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