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You want to have 56,524 dollars in 9 years (single payment). Assuming that you can invest in a financial instrument that compounds interest annually at
You want to have 56,524 dollars in 9 years (single payment). Assuming that you can invest in a financial instrument that compounds interest annually at a rate of 4%, how much do you need to invest now in order to achieve this goal? (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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