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You want to make an investment that will yield a lump sum of $70,154 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 $70,154 in 4 years. You will invest at a nominal rate of 18%. How much do you need to invest today to reach the above future value? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25

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