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

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Reference no: EM131084602

Suppose you will need $175,000 in 7 years to start up a new gym. With a 6% interest rate, how much do you have to invest now in order to achieve this goal?

Repeat Question, but this time assume you contribute an equal amount each year. What would be the yearly contribution to the investment account to meet your goal at the end of 7 years?

Reference no: EM131084602

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