How much do have to invest now in order to achieve goal

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Problem 1: Suppose you will need $245,000 in 3 years to start up a new gym. With a 4.5% yearly compounded interest rate, how much do you have to invest now in order to achieve this goal?

Reference no: EM132770132

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How much do have to invest now in order to achieve goal : 3 years to start up a new gym. With a 4.5% yearly compounded interest rate, how much do you have to invest now in order to achieve this goal?
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