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Compute the amount to set aside today

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Question - Your cousin plans to expand his business and will require $100,000.00 in 6.5 years. The rate of return will be 0.70 percent per month for the first two years. It will go up to 1.00 percent for the rest of the period. Compute the amount to set aside today to reach her objective.

Reference no: EM132977547

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