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How much does he need to invest today to achieve his goal

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Reference no: EM132933037

Question - Suppose that your friend has a farm in 2020 and wants to make an investment 150,000 in 2025 for all farm requirements.

a) If you can earn 2.5% per year on your investments, how much does he need to invest today to achieve his goal?

b) Between 2020 and 2023 how much would he have raised if the interest increased to 4%.

c) From question A calculate the future value for year one and year two.

Reference no: EM132933037

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