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Your client, Sal, wants to receive $10,000 in todays dollars at the beginning of each of the next 4 years. Inflation will average 5% and
Your client, Sal, wants to receive $10,000 in todays dollars at the beginning of each of the next 4 years. Inflation will average 5% and Sal assumes he can make 8% annually after-tax. Sal would like to invest a lump sum today to fund his need. How much must he invest today to accomplish his goal?
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