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Determining the invested funds

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Reference no: EM131866907

You would like to have saved $10456 by the end of 8 years. You believe you can earn about 8% per year on any invested funds. How much should you invest right now in order for it to grow to $10456 at the end of those 8 years?

Of course, you will have been working with four decimals on all the calculations. But for your final answer entered below, round to the nearest dollar.

Reference no: EM131866907

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