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You wish to have $5,000 at the end of 15 years. How much do you need to invest today, if you can earn 12%, compounded

You wish to have $5,000 at the end of 15 years. How much do you need to invest today, if you can earn 12%, compounded annually, on your investment?

  • $333.33

  • $913.48

  • $4,464.29

  • $26,751.25

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