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You want to set aside some money today to buy a sailboat in 4 years. You expect to need $50,000 at that time. How much

You want to set aside some money today to buy a sailboat in 4 years. You expect to need $50,000 at that time. How much (a lump sum) would you have to invest today to accumulate that amount assuming you earn 7% on your funds, assuming quarterly compounding?

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