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How much do need to invest today in order to have

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Problem 1: You want to purchase a piece of real estate 5 years from now. You expect that it will cost $50,000. Assuming you can earn 10%, how much do you need to invest today, in order to have the $50,000 in five years?

Group of answer choices

Option 1: 51,290.00

Option 2: 15,678.00

Option 3: 42,768.00

Option 4: 31,046.00

Reference no: EM133009937

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