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You want to make an investment that will yield a lump sum of $13,774 in 4 years. You will invest at a nominal rate of

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You want to make an investment that will yield a lump sum of $13,774 in 4 years. You will invest at a nominal rate of 19%. How much do you need to invest today to reach the above future value? (Round your answer to two decimal places and record without a dollar sign and without commas)

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