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You need to have $35,000 in cash in three years to pay for an important family event. You want a reasonably safe investment vehicle but

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You need to have $35,000 in cash in three years to pay for an important family event. You want a reasonably safe investment vehicle but would like to earn some interest on your funds. How much would you have to invest today into a 5-year CD earning 1.1 percent annual interest to have exactly $35,000 available in five years

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