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You would like to have $35,000 in 12 years. How much money must you set aside today for this purpose if you can earn 5.35

You would like to have $35,000 in 12 years. How much money must you set aside today for this purpose if you can earn 5.35 percent on your investment?

a. $12,341.88

b. $45,243.67

c.$18,726.37

d. $65,789.45

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